VNET stock jumps nearly 10% as China ADRs rally, with CPI next in focus
VNET shares rose 9.6% to $11.43 in afternoon Nasdaq trading Monday, tracking a 4.2% jump in the Nasdaq Golden Dragon China Index. GDS Holdings gained about 9%. Traders await Tuesday’s U.S. CPI data and bank earnings for signals on rates and market direction. VNET’s next earnings report is scheduled for March 11.