Chinese shares close higher on economic data

Chinese shares rebounded Friday, snapping a two-day losing streak as China released data showing a pick-up in the world's second largest economy in the last quarter of 2012.

The benchmark Shanghai Composite Index gained 1.41 percent, or 32.16 points, to end at 2,317.07.

The Shenzhen Component Index climbed 1.32 percent, or 123.07 points, to 9,432.3.