[Hong Kong technology stocks continue to rise by more than 4%] as of press time, Universal data-SW (09698.HK) is up 4.10%, Baidu Group-SW (09888.HK) is up 1.81%, and Kingsoft (03888.HK) is up 1.71%. The US CPI grew at its slowest pace in more than two years in May, and the market did not believe that the Fed raised interest rates in June, with technology stocks taking the lead. China's NASDAQ China Golden Dragon Index rose more than 4 per cent to close 2.2 per cent, with US-listed Ulai and Baidu both up about 6 per cent.