Hong Kong, Shanghai shares up after China data

Hong Kong shares made modest advances in volatile trade early Friday, as gains on Wall Street and in Shanghai supported financials such as HSBC Holdings Plc. and China Life Insurance Co. The Hang Seng Index rose 0.3% to 21,133.38, and the Hang Seng China Enterprises Index climbed 0.6% to 12,284.09. China's Shanghai Composite added 0.4% to 2,936.22, after official data showed an improvement in industrial production, retail sales and urban fixed investments in August, while bank lending was much higher than anticipated.