Shanghai Composite rallies on China GDP data

Shanghai Composite Index rocketed on Tuesday, after Chinese officials reported country's Gross Domestic Product rose more-than-expected in the last quarter of 2011. China's benchmark index rallied 4.18% or 92.18 points to 2,298.38, led by resource stocks. All nine sectors within the index posted gains. China Merchant jumped 10.18, while Zijin Mining-A and Shandong Nansh-A gained 10.10% and 10.08%, respectively. On the downside was Guizhou Guochu-A, dropping 5.08%.