The KraneShares CSI China Internet ETF (KWEB) surged 5.03% on Wednesday, lifted by a broad rally in Chinese stocks on robust trade data and expectations of economic stimulus measures from Beijing.

China's exports jumped 12.7% year-over-year in October to a 27-month high, much stronger than the 5% growth forecast by economists. The surge in exports helped China post a larger-than-expected trade surplus of $95.27 billion for the month.

The upbeat trade figures, along with growing hopes that Chinese authorities will announce stronger stimulus efforts after a key legislative meeting this week, boosted sentiment towards Chinese equities. The benchmark CSI 300 Index climbed 3% to its highest level in about a month.

As an ETF tracking major Chinese internet companies like Alibaba, Tencent, and Baidu, KWEB benefited from the broad market optimism surrounding China's economic outlook. Investors are anticipating policy support from Beijing to cushion the economy against potential trade tensions with the U.S. under the new administration.