GDS Holdings Ltd (GDS) shares rebounded on Wednesday, soaring 5.28% after a steep selloff in the previous session, as volatility continued to rock U.S.-listed Chinese stocks amid ongoing concerns over the country's economic outlook and stimulus measures.

The data center operator's stock was among several Chinese companies that experienced a sharp decline on Tuesday, dropping 5.36% along with broader losses in the sector. The selloff was driven by mounting uncertainty surrounding the Chinese government's recently announced economic stimulus program, as well as fears that the measures may not be sufficient to reignite the nation's slowing growth and consumer spending.

Wednesday's rebound in GDS and other Chinese equities appears to be a short-term reversal, as investors digest the mixed signals from Beijing and position themselves ahead of potential further market swings. However, the underlying concerns that fueled the previous day's selloff remain unresolved, setting the stage for continued volatility in the near term.