Hong Kong stocks close up 0.27%

Hong Kong stocks came back from earlier losses Tuesday to end 0.27 percent higher, as traders shrugged off fears that the Cyprus bailout deal could be a template for future eurozone bank rescues.

The benchmark Hang Seng Index added 59.93 points to 22,311.08 on turnover of HK$64.1 billion ($8.26 billion).

Chinese shares ended down 1.25 percent. The benchmark Shanghai Composite Index fell 29.05 points to 2,297.67 on turnover of 91.8 billion yuan ($14.8 billion).