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China shares poised for weekly gain

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Hong Kong - Chinese stocks in Hong Kong headed for a weekly advance as higher oil prices turbocharged energy producers.

The Hang Seng China Enterprises Index has rallied 3.5% this week and was down 0.4% at 08:07. China Oilfield Services surged 14% while PetroChina and Cnooc headed for their biggest weekly gains since April as crude traded above $50 a barrel. 

Cheung Kong Infrastructure, which gets almost a third of its revenue from the UK, slid to a five-week low after a plunge in the pound. Hong Kong will be shut for a holiday on Monday, when Chinese markets reopen after a week-long break.

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