Hang Seng rallies on Tuesday

Hong Kong's Hang Seng index recovered on Tuesday as EU countries approved fiscal discipline treaty and Japanese data showed higher than expected manufacturing output. Hang Seng index added 1.14% or 230.08 points and closed at 20,390.49, lifted by financials and coal miners. China Shenhua Energy Co. and Yanzhou Coal Mining Co. each added 1.5%, while Agricultural Bank of China Ltd. and Bank of China Ltd. each gained 2.1 and 1.5 respectively. On the downside Angang Steel Co. lost 11% and Maanshan Iron & Steel Co. dropped 7.6% after posting their profit warnings.