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There is no Hand Tool in PS Touch. For zooming use the following….Place two fingers on the touch screen. Pinch your fingers together to zoom out. Spread your fingers apart to zoom in
In addition you can move by using two fingers as well.
Hope that answers your question.
In addition to gruele's helpful response-
Please take a look at the Getting Started pod at the right of this forum.
The Getting Started pod will help you to understand the new look of PS Touch and the gestures.
Please let me know if you have any more questions,
I'm sorry to say, but the Hand Tool in a device like a Tablet or a Phone with touch properties is more than essential.
How can you think to zoom in/out every time to achieve a correct modification? Specially on a Touch Phone, due to small size of the screen.
gruele already said that you don't have to zoom in and out. Just put two fingers on the screen and move your two fingers (locked togetther) around the screen.