Weibo (WB) stock surged 5.18% in pre-market trading on Monday, riding the wave of a broader rebound in Chinese ADRs and ETFs. This upward movement comes as investors seem to be shaking off recent concerns over US-China trade tensions.

The pre-market rally extends beyond Weibo, with several prominent Chinese stocks showing significant gains. Alibaba and NIO are up over 5%, while others like Bilibili and Baidu are also trading higher. This collective upswing suggests a renewed appetite for Chinese equities among investors.

The rebound follows a sharp selloff on Friday, where the NASDAQ Golden Dragon China Index plunged more than 6% - its most significant drop since April. The decline was triggered by President Donald Trump's warnings of potential tariff increases on Chinese goods and additional export controls. However, market sentiment improved after Trump later signaled an openness to a deal with China, leading to advances in US equity futures early Monday in Asia.

Despite the recent volatility, some market watchers view the selloff as a potential buying opportunity. They suggest that investors might use this dip to accumulate positions in Chinese stocks, betting on their long-term growth potential. As trade negotiations continue to evolve, investors will likely keep a close eye on developments that could impact Chinese ADRs like Weibo in the coming days.