Gaotu Techedu Inc. (GOTU) saw its stock soar 5.67% in pre-market trading on Monday, as Chinese ADRs and ETFs experienced a broad rebound following a period of heightened trade tensions between the United States and China.

The uplift in Chinese stocks comes after a significant selloff on Friday, which saw the NASDAQ Golden Dragon China Index plunge more than 6%. The initial downturn was triggered by President Donald Trump's warnings of increased tariffs on Chinese goods and potential export controls on critical software. However, market sentiment improved over the weekend as Trump later signaled openness to a deal with China, leading to advances in US equity futures early Monday in Asia.

While Gaotu Techedu was not specifically mentioned in the broader market commentary, as a Chinese education company listed in the US, it appears to be benefiting from the overall positive sentiment towards Chinese ADRs. Other notable gainers in the pre-market session included Alibaba and NIO, up over 5%, and Baidu, rising around 3%. The rebound suggests that investors are viewing the recent selloff as a buying opportunity, despite ongoing uncertainties in US-China trade relations.