Hong Kong's equities declined on Tuesday as Spanish yield accelerated and optimism diminished that Greek election outcome will curb European turmoil. Hang Seng index gave up 0.25% or 48.57 points finishing at 19,385.35. Tsingtao Brewery Co fell 8% after Dow Jones Newswires reported the main shareholder was trading 32 million shares in the company at discount between 4% and 7%. Financials also contributed to the negative side with HSBC Holdings and Hang Seng Bank slipping 0.6%.