VNET Group (VNET), a leading internet and data center services provider in China, saw its stock soar 9.93% during intraday trading on Monday. The significant upward movement comes as part of a broader rally in Asian equities traded as American Depositary Receipts (ADRs) in the US market.

The S&P Asia 50 ADR Index surged 3.41% on Monday morning, reflecting a strong performance across Asian stocks listed in the United States. VNET Group's impressive gain outpaced the index, suggesting investor optimism about the company's prospects in the growing data center and internet services sector.

Other notable gainers in the North Asian tech sector included education company 17 Education & Technology Group (YQ) and computer hardware maker Canaan (CAN), which climbed 15% and 10% respectively. The strong performance of these tech-related stocks indicates a positive sentiment towards Asian technology companies among US investors, with VNET Group standing out as one of the top performers in this upward trend.