Weibo (WB) stock surged 5.18% in pre-market trading on Monday, as Chinese ADRs and ETFs staged a significant rebound following recent trade-related selloffs. This uptick comes as part of a broader recovery in Chinese stocks listed in the US, with several major players seeing notable gains.

The rebound follows a tumultuous period marked by renewed Sino-American trade tensions. Last Friday, the NASDAQ Golden Dragon China Index plummeted over 6% after President Donald Trump threatened to impose additional tariffs on Chinese goods. However, sentiment improved over the weekend as Trump later signaled openness to a deal with China, triggering advances in US equity futures early Monday in Asia.

Market watchers view the recent selloff as a potential buying opportunity, suggesting that investors might be capitalizing on the dip. While Weibo's specific drivers weren't detailed, the company's stock movement aligns with the overall trend seen in Chinese ADRs, with companies like Alibaba and NIO also posting gains of over 5% in pre-market trading. This collective recovery indicates a possible shift in investor sentiment towards Chinese stocks, at least in the short term.