Chinese equities closed lower on Tuesday as economic turmoil in the Eurozone continued to weight down on global growth expectations. At the same time, China's stocks found some support on better than forecast fresh PMI data. Hang Seng Index ended session with 0.79% loss, approaching the lowest level in a month. CNOOC dropped 4% on news that oil firm is going to buy Nexen for USD15.1 billion. China Petroleum & Chemical sank 0.6% after the company agreed to acquire Talisman Energy for USD1.5 billion. Property developers moved lower as recent increase in real estate prices spurred speculation that the government will continue strict control over the sector. China Overseas Land & Investment and Sino Land dropped 1.1% and 2.17%.