U.S. stocks at market open: Nasdaq falls 0.5%, Bilibili drops about 5%, Philadelphia Semiconductor Index down 2.2%
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Bilibili fell by about 5% after releasing its first-quarter financial report. KE Holdings rose by about 5%. In the first quarter, the company achieved an adjusted net profit of 1.61 billion yuan, compared to 1.39 billion yuan in the same period last year, representing a year-on-year increase of 15.7%. Semiconductor stocks generally declined, with Micron Technology down about 1% and Intel down about 2%.
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