Weibo Corporation (WB), the Chinese social media giant, saw its stock surge 7.68% in pre-market trading on Wednesday, riding a wave of optimism that swept across Chinese ADRs. This upward movement comes despite the implementation of hefty US tariffs on Chinese goods, suggesting investors remain bullish on Chinese stocks listed in the United States.

The broader rally in Chinese ADRs saw significant gains across various sectors. Notable rises included a 15% jump for YINN, an 8% increase for Bilibili, and 6% gains for major players like XPeng, Trip.com, and Alibaba. This widespread uptick indicates a strong market sentiment towards Chinese stocks, potentially driven by expectations of supportive measures from the Chinese government.

Interestingly, this positive momentum persists in the face of escalating trade tensions. US President Donald Trump's "reciprocal" tariffs, including massive 104% duties on Chinese goods, took effect on Wednesday. However, rather than triggering a selloff, the news appears to have galvanized investor interest in Chinese equities. This resilience might be attributed to anticipation of countermeasures from Beijing to stabilize its markets and boost its economy.

Reports suggest that China's top leaders are planning to convene a meeting as early as Wednesday to discuss measures to boost the economy and stabilize capital markets. This proactive approach by Chinese authorities, potentially including initiatives like export tax rebates and policies to boost domestic consumption, may be fueling investor confidence in companies like Weibo. As a major player in China's digital landscape, Weibo stands to benefit from any broad-based economic stimulus or market support measures implemented by the Chinese government.