The Hang Seng Index rallied 1.05% on Tuesday as recent dismal data releases spurred speculation that the PBOC will ease its prudent monetary policy. Adding to gains of China's stock index, Germany reported that its economy grew faster than expected in Q2. All nine sectors included in Hang Seng Index soared. The largest gainers were telecommunications and basic materials. Among telecommunication companies, China Mobile and China Unicom Hong Kong jumped 2.15% and 2.42%. Financials were also higher, with Bank of China, Bank of Communications and China Construction Bank soaring by 1%, 3.05% and 1.50%, respectively. On the downside were property developers. Sino Land and China Resources Land tumbled 1.29% and 1.90%.