Group 1 - The core issue of the recent US-China negotiations is the future of the short video platform TikTok, with both sides reaching preliminary consensus on several major disagreements [3] - The two main sticking points for TikTok are ownership structure, where the US seeks control while China refuses to relinquish dominance, and the core algorithm, which China views as vital and is hesitant to export or transfer [3] Group 2 - The domestic market appears to be supported by a "protective cushion," quickly rebounding after initial declines, influenced by the positive developments in US-China talks [3]