Weibo Corporation (WB), the Chinese social media giant, saw its stock surge 7.89% in intraday trading on Wednesday, riding a wave of optimism that swept across Chinese ADRs. This impressive gain comes despite the implementation of hefty US tariffs on Chinese goods, highlighting the resilience of Chinese stocks listed in the United States.

The rally in Weibo's stock is part of a broader uptrend among Chinese ADRs, with significant gains observed 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 strong market sentiment towards Chinese stocks, even in the face of escalating trade tensions.

The positive momentum persists despite US President Donald Trump's "reciprocal" tariffs, including massive 104% duties on Chinese goods, taking effect on Wednesday. Investors appear to be betting on potential 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.