HK shares open up 0.9 pct on higher oil;Chalco firm
HONG KONG, June 5 (Reuters) - Hong Kong shares will start 0.9 percent higher on Friday, with energy stocks at the helm as crude oil hit a seven-month high after a set of upbeat U.S. data fed hopes for an economic recovery.
The benchmark Hang Seng Index .HSI was up 171.71 points at 18,674.48.
China Resources Power Holdings (0836.HK), China's fourth-largest power company by market value, will open 3.5 percent lower at HK$17.30 after revealing plans to issue up to HK$6.05 billion (US$775.9 million) in rights shares.
Aluminum Corporation of China (Chalco) (2600.HK) was up 2.1 percent after Rio Tinto (RIO.AX) (RIO.L) scrapped its proposed $19.5 billion tie-up with the Chinese company's parent firm, Chinalco.
The China Enterprises Index .HSCE of top mainland companies was set to start 1.1 percent higher at 10,826.00.
(Reporting by Parvathy Ullatil; Editing by Jonathan Hopfner)
