Hong Kong up on US data

Hong Kong's market gained on positive US data, the Hang Seng Index gained 0.4 per cent to 23,116.69 points after US consumer sentiment posted its biggest rise since 2007 in October. The China Enterprises Index of the top Chinese listings in Hong Kong rose 0.7 per cent. Analysts said investors in Hong Kong, like in the mainland, were wary of chasing shares much further given recent volatility in global markets. Casino shares extended their gains from Friday when they rose after Sands China posted solid quarterly earnings. At midday, Sands China rose 1.4 per cent, and Galaxy Entertainment was up 1.3 per cent. Industrial and Commercial Bank of China rose 0.4 per cent, China Construction Banks climbed 0.2 per cent, and Bank of China gained 0.3 per cent. Shares in Hong Kong department store operator Lifestyle International Holdings fell 5.2 per cent after sovereign wealth fund Qatar Holding LLC said it would buy a HK$4.78 billion ($616.20 million) stake in the firm, according to Reuters.