Core Viewpoint - The article highlights the positive impact of Nvidia's strong earnings report and the court's decision to block Trump's tariff policy, leading to a rise in U.S. stock indices and Chinese assets [1][3]. Group 1: Nvidia's Performance - Nvidia's latest earnings report for Q1 FY2026 showed revenue of $44.1 billion, a 69% year-over-year increase, surpassing analyst expectations of $43.29 billion [3]. - Nvidia's CEO Jensen Huang indicated that the AI computing market is expected to experience exponential growth [3]. - Following the earnings report, Nvidia's stock price surged over 6%, making it the highest-valued publicly traded company, surpassing Microsoft [3]. Group 2: U.S. Stock Market Reaction - The U.S. stock market saw all three major indices rise, with the Dow Jones up 0.17%, Nasdaq up 0.91%, and S&P 500 up 0.56% [3]. - Other major tech stocks also experienced gains, with Tesla and Amazon rising over 1%, while Microsoft, Apple, Google, and Meta saw slight increases [5]. Group 3: Chinese Assets Performance - The Nasdaq Golden Dragon China Index rose over 1.6%, with leveraged ETFs for Chinese stocks increasing by more than 2% [5]. - Notable Chinese stocks such as Futu Holdings surged over 7%, while JD.com, Xpeng Motors, and others rose by more than 3% [5]. Group 4: Tariff Policy Developments - The U.S. International Trade Court blocked Trump's tariff policy announced on April 2, ruling that he overstepped his authority [5]. - Trump's administration has indicated plans to appeal the court's decision, suggesting ongoing uncertainty regarding trade policies [7][9]. - Analysts believe that the court's ruling may only be a temporary setback for Trump's trade agenda, with potential alternative taxation routes being considered [8][9].

中概股大涨。 当地时间5月29日，美股三大股指集体高开，截至发稿，道指上涨0.14%，标普500指数上涨0.34%，纳指上涨0.50%。 美国国际贸易法院28日的裁决认为，总统无权对几乎所有贸易伙伴征收全面关税。美国国会将"不受限制的关税权力"授予总统是违反宪法的。国会在《国际紧急经 济权力法》中设定了权限，限制总统何时以及如何征收关税。 | 道琼斯指数 | 42156.48 | +0.14% | | --- | --- | --- | | .DJI | | | | 标普500指数 | 5908.73 | +0.34% | | .SPX | | | | 纳斯达克综合指数 | 19197.05 | +0.50% | | .IXIC | | | | 纳斯达克中国金龙指数 | 7235.28 | +1.56% | | .HXC | | | 大型科技股多数上涨，截至发稿，英伟达涨超4%，总市值超过微软，重新登上全球市值第一宝座；亚马逊、特斯拉涨超1%，微软、苹果、Meta小幅上涨。此外， 谷歌A小幅下跌。 | 取消排序 | 最新, | 总市值↓ | 涨幅 | | --- | --- | --- | --- | | u ...

Financial Performance - Total revenues for Q1 2025 were HK$4,694.6 million (US$603.4 million), an increase of 81.1% from HK$2,592.5 million in Q1 2024[8] - Net income increased by 107.0% year-over-year to HK$2,142.7 million (US$275.4 million), with a net income margin of 45.6%[16] - Non-GAAP adjusted net income rose by 97.7% year-over-year to HK$2,216.9 million (US$285.0 million)[17] - Total revenues for the three months ended March 31, 2025, increased to HK$4,694,637, representing a 81% growth compared to HK$2,592,459 for the same period in 2024[36] - Net income for the three months ended March 31, 2025, was HK$2,142,704, up 107% from HK$1,035,133 in the prior year[36] - The company reported a basic net income per share of HK$1.93 for the three months ended March 31, 2025, compared to HK$0.94 for the same period in 2024, marking a 105% increase[39] - Adjusted net income for the three months ended March 31, 2025, was HK$2,216,903, reflecting a 97% increase from HK$1,121,071 in the prior year[42] Client Growth and Assets - Total funded accounts increased by 41.6% year-over-year to 2,673,119 as of March 31, 2025, with approximately 262 thousand new funded accounts added in Q1 2025, representing a 47.8% year-over-year growth[4] - Total client assets reached HK$829.8 billion, up 60.2% year-over-year and 11.6% quarter-over-quarter, driven by record net asset inflow[7] - Daily average client assets were HK$790.4 billion in Q1 2025, an increase of 64.7% from the same period in 2024[6] - Wealth management client assets grew by 117.7% year-over-year to HK$139.2 billion, with 29% of funded accounts holding wealth management products[7] - The number of clients increased significantly, with cash held on behalf of clients rising to HK$88,246,095 as of March 31, 2025, compared to HK$68,639,816 as of December 31, 2024, reflecting a 29% increase[30] Trading Volume - Total trading volume in Q1 2025 increased by 140.1% year-over-year to HK$3.22 trillion, with U.S. stock trading volume at HK$2.25 trillion[6] Expenses and Liabilities - Operating expenses for the three months ended March 31, 2025, were HK$1,260,426, a 35% increase from HK$929,486 in the same period of 2024[36] - Total liabilities increased to HK$150,348,296 as of March 31, 2025, from HK$130,752,472 as of December 31, 2024, representing a 15% rise[33] Retained Earnings and Future Plans - The company’s retained earnings grew to HK$16,798,269 as of March 31, 2025, up from HK$14,652,946 as of December 31, 2024, indicating a 15% increase[33] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[36] Research and Development - Research and development expenses increased by 15.1% year-over-year to HK$386.0 million, primarily due to investments in AI capabilities[13] Future Targets - The company aims to achieve 800 thousand net new funded accounts in 2025, having already reached one-third of this target in Q1 2025[4]

金十数据整理：每日美股市场要闻速递（5月29日，周四） 重要新闻 1. 美国第一季度实际GDP年化季率修正值录得-0.2%，初值为-0.3%。 2. 美国至5月24日当周初请失业金人数 24万人，预期23万人，前值由22.7万人修正为22.6万人。 3. 现货黄金站上3310美元/盎司，白宫国家经济委员会主任哈塞特表示，法官关于关税的裁决将被推 翻。 个股新闻 1. 英伟达(NVDA.O)2026财年Q1营收441亿美元，去年同期260.44亿美元，市场预期431.55亿美元。 2. 丰田汽车(TM.N)公布数据显示，4月仅母公司销售的全球汽车销量同比增长10%，达876,864辆汽车。 3. 惠普(HPQ.N)美股盘前跌超8%，公司下调了年度利润预期。 10. Moderna(MRNA.O)：H5禽流感疫苗第一/二期临床试验显示初步积极结果，将探索H5项目后期开发 和制造的替代方案，美国卫生与公众服务部将终止公司用于疫情前流感疫苗后期开发的资助。 4. 谷歌(GOOG.O)在印度官方在线谷歌商店推出直接面向消费者的Pixel设备销售。 5. 马斯克预告：6月将首次交付自动驾驶的Model Y车型。 6. 百 ...

Core Insights - Futu Holdings reported a total revenue of HK$46.95 billion (approximately US$6.03 billion) for Q1 2025, representing a year-on-year growth of 81.1% [1][7] - Net profit increased by 97.7% year-on-year to HK$22.17 billion [1][7] - The platform's total trading volume reached a record high of HK$3.22 trillion, with Hong Kong stock trading volume surging by 227% to HK$916 billion [1][5][8] Financial Performance - Revenue breakdown: - Trading commissions and fees amounted to HK$23.1 billion (approximately US$2.97 billion), up 113.5% year-on-year - Interest income was HK$20.71 billion (approximately US$2.66 billion), a 52.9% increase - Other income, including wealth management and corporate services, reached HK$3.14 billion (approximately US$40.3 million), growing by 101% [4][7] - Gross margin improved from 81.9% to 84.0%, and operating profit margin rose from 46.0% to 57.2% [7] User and Asset Growth - Registered users of Futu's platforms, Futu NiuNiu and moomoo, reached 26.25 million, with account numbers increasing to 4.96 million, reflecting year-on-year growth of 17% and 30% respectively [4][8] - The number of asset-holding clients rose by 42% year-on-year to 2.67 million, with total client assets surpassing HK$829.8 billion (approximately US$106.7 billion), a 60% year-on-year increase [4][8] - Wealth management total assets reached HK$1.392 trillion, doubling year-on-year [6] Trading Activity - The trading volume for U.S. stocks increased by 116% year-on-year, exceeding HK$2.25 trillion, while Hong Kong stock trading volume saw a 227% increase [5][8] - The cryptocurrency market, despite volatility, maintained double-digit growth in both trading participants and asset scale [5]

Group 1 - Berkshire Hathaway's total U.S. stock holdings decreased to $259 billion as of March 31, down from $267 billion in the previous quarter, with no new positions added and adjustments made to 15 stocks [2] - Bridgewater Associates significantly increased its position in Alibaba by 5.4 million shares, a 21-fold increase, making it the fourth-largest holding, while also building positions in gold ETFs and other Chinese stocks [2][3] - Hillhouse Capital's HHLR Advisors increased its total holdings from $2.887 billion to $3.539 billion, a nearly 23% increase, while continuing to invest in Chinese assets [4] Group 2 - Berkshire Hathaway completely exited its positions in Citigroup and Nu Holdings, while maintaining its 300 million shares in Apple [6] - Alibaba reduced its stake in XPeng by 3.08 million shares, representing an 8.13% decrease [8] - New positions were established in companies like Baidu and Li Auto, while Alibaba and BeiGene saw reductions in holdings [7]

Group 1 - Pony.ai plans to submit a confidential IPO application to the Hong Kong Stock Exchange, which has led to a 17% increase in its ADR trading in the US [2] - The acceleration of Pony.ai's listing plans is closely related to the ongoing trend of Chinese companies returning to the Hong Kong market [3] - The Hong Kong Stock Exchange has introduced a new mechanism allowing technology and biotech companies to submit IPO applications confidentially, aligning with Pony.ai's current plans [4] Group 2 - The trend of Chinese companies returning to Hong Kong has been highlighted by recent events, including Zeekr's announcement to privatize and delist from the US market [3] - Approximately 30 Chinese companies are eligible for listing in Hong Kong, which could potentially increase the average daily trading volume by about 1% [4] - The founders of Pony.ai have voluntarily extended their share lock-up period by 540 days, covering approximately 22.9% of the company's total equity, reflecting their confidence in the company's long-term strategy [6]

242.54亿市值 199.88亿市值 199.65亿市值 20.98 20.09 21.04 +0.21(+0.99%) +0.09(+0.45%) +0.27(+1.30%) 百济神州 百胜中国 百度 e 8球） 196.93亿市值 174.29亿市值 174.29亿市值 46.66 273.80 46.67 0.00(0.00%) +0.56(+1.23%) +0.58(+1.26%) ZJO 中通快递 *** 150.92亿市值 富途控股 富途控股 ID 158.58亿市值 158.36亿市值 113.90 113.74 18.76 +1.56(+1.39%) +1.40(+1.25%) - +0.29(+1.57%) 新东方 新东方 A N 新东方 新东方 94.78亿市值 81.06亿市值 80.91亿市值 49.48 49.48 4.18 +0.07(+1.58%) +0.54(+1.10%) +0.54(+1.09%) 奇富科技 MN 名创优品 唯品会 唯品会 76.51亿市值 65.19亿市值 62.66亿市值 14.86 45.88 20.03 +0.02(+0.13%) -0.17(-0 ...

每经编辑｜杜宇 当地时间5月8日，美股三大指数集体收涨。纳指涨1.07%，道指涨0.62%，标普500指数涨0.58%。 大型科技股普涨，英特尔涨超3%，亚马逊、谷歌、微软涨超1%，英伟达、Meta小幅上涨；奈飞跌约1%。ARM跌超6%，公司业绩指引逊于预期。诺瓦瓦 克斯医药涨约12%，公司发布高于预期的2025财年销售指导。QBTS涨超51%，创2023年5月份以来最佳单日表现，并领跑一众量子计算概念股。 特斯拉涨3.11%，报284.82美元，市值9173.9亿美元，市值一夜增加277亿美元（约合人民币2004亿元人民币）。 Pinterest美股盘后涨超11%。公司一季度营收8.55亿美元，分析师预期8.463亿美元。公司预计二季度营收9.6亿美元~9.8亿美元，分析师预期9.637亿美元。 纳斯达克中国金龙指数收涨0.97%。 热门中概股多数上涨。理想汽车、蔚来涨逾3%，小鹏汽车、阿里巴巴涨超2%，富途控股、向上融科涨近2%。 当天晚些时候，英国政府发布官方声明，称英国汽车出口至美国的关税将从27.5%降至10%，钢铁和铝关税从25%降至零。这一关税优惠将适用于10万辆 英国汽车，几乎覆盖去年英国对美 ...

Market Performance - US stock market opened higher on May 2, with all three major indices closing up over 1%. The Nasdaq rose by 1.51%, the S&P 500 increased by 1.47%, and the Dow Jones gained 564.47 points, a rise of 1.39%. Notably, both the S&P 500 and Dow Jones have seen nine consecutive days of gains, marking the longest streak for the S&P 500 since 2004 [1]. Technology Sector - Most large tech stocks saw gains, with Meta rising over 4%, Intel up more than 3%, and Tesla, Microsoft, Nvidia, and Netflix each increasing by over 2%. However, Apple experienced a decline of over 3%, and Amazon saw a slight drop [2]. - Nvidia's market capitalization increased by $70.5 billion (approximately 51.26 billion RMB) in a single night [3]. Chinese Stocks - The Nasdaq Golden Dragon China Index rose by 3.5%, with many Chinese concept stocks also experiencing significant gains. Notable increases included: - 9% rise for GDS Holdings and Kingsoft Cloud - Over 7% increase for Tencent Music - More than 6% for Qihoo 360 Technology - Over 5% for XPeng Motors, BOSS Zhipin, Zeekr, and Futu Holdings [6]. ETF Performance - The Direxion Daily FTSE China Bull 3X Shares ETF surged over 9% [9]. Employment Data - The US Labor Department reported that non-farm payrolls increased by 177,000 in April, significantly exceeding the expected 130,000. The unemployment rate remained stable at 4.2%, aligning with market expectations. This robust employment data suggests resilience in the US job market [14]. - Following the employment report, the probability of the Federal Reserve maintaining interest rates unchanged in May rose to 99.4%, up from 95.3% prior to the report [14]. Federal Reserve Outlook - Analysts noted that the strong labor market data provides the Federal Reserve with the patience to hold off on rate cuts, although there are concerns about potential economic weakness later in the year [15].