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Nikkei opens sharply higher on GDP data, U.S. rally

(Xinhua)

15:20, August 15, 2011

TOKYO, Aug. 15 (Xinhua) -- Japan's Nikkei index opened sharply higher Monday, helped by better-than-expected Japan gross domestic data and the rise of U.S. stocks late last week.

In the first 15 minutes of trading, the benchmark 225-issue Nikkei Stock Average advanced 145.55 points, or 1.62 percent, from Friday to 9,109.27.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange was up 11.13 points, or 1.45 percent, to 779. 32.

Japan's economy contracted an annualized real 1.3 percent in the April-July quarter, lower than the average market expectation of 2.8 percent.

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