iQiyi Inc. (NASDAQ: IQ), the Chinese video streaming giant, saw its stock soar 8.50% in Wednesday's trading session, outperforming the broader rally in Chinese ADRs. This impressive surge comes against the backdrop of escalating US-China trade tensions and expectations of potential economic stimulus measures from Beijing.

The rally in iQiyi's stock is part of a larger trend affecting Chinese companies listed in the US. Despite the implementation of new US tariffs on Chinese goods, including hefty 104% duties imposed by President Donald Trump, Chinese stocks showed remarkable resilience. Reports suggest that China's top leaders are planning to meet to discuss measures to boost the economy and stabilize capital markets, which appears to have bolstered investor confidence.

While the broader Chinese tech sector saw significant gains, with companies like Bilibili, Alibaba, and XPeng also rising, iQiyi's 8.50% increase stood out. As the streaming service continues to navigate the challenging macroeconomic environment, its stock performance will likely remain sensitive to broader US-China relations and domestic Chinese economic policies. Investors will be watching closely for any announcements from the expected high-level meeting in China, which could potentially include measures to support domestic consumption and provide export tax rebates.