Sou Hu Cai Jing·2025-05-14 15:00Core Viewpoint - US stock market opened higher with slight fluctuations, and Chinese concept stocks showed strength, particularly Tencent Music which surged over 10% after opening [1][8]. Group 1: Market Performance - The three major US stock indices opened collectively higher, with Nasdaq up 0.34%, Dow Jones up 0.18%, and S&P 500 up 0.21% [2]. - AI concept stocks in the US market saw significant gains, with AMD rising over 8% and reaching its highest intraday level since January 30, following a $6 billion buyback announcement [3]. - Tencent Music's stock opened high and surged over 10%, while Baidu and Li Auto rose by 2%, and NIO, Xpeng, and Alibaba experienced slight increases [8]. Group 2: Company Financials - Tencent Holdings reported its Q1 2025 earnings, achieving revenue of 180 billion RMB, a 13% year-over-year increase; gross profit was 100.5 billion RMB, up 20%; and net profit (Non-IFRS) reached 61.3 billion RMB, a 22% increase [10]. Group 3: Trade Policy Impact - Both the US and China adjusted their tariff increases, signaling a potential easing of trade tensions [1]. - California has filed for a preliminary injunction against the federal government's tariff policy, citing significant threats to household costs, wages, and employment, as well as severe impacts on business operations [11].