Major stock markets across the globe have continued their rally on Friday amid positive economic data from the US.

In China, the benchmark Shanghai Composite Index up 1.35 percent at 3,125.26 points.

The Shenzhen Component Index opened 1.4 percent higher at 10,397.97 points, reported Xinhua news agency.

The ChiNext Index, tracking China's NASDAQ-style board of growth enterprises, opened 1.57 percent higher at 1,990.34 points.

Meanwhile, Tokyo shares opened sharply higher on Friday on overnight gains in other stocks markets.

At 9:15 a.m. local time, the 225-issue Nikkei Stock Average jumped 400.26 points, or 2.15 percent, higher from Thursday to 18, 974.70.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange was up 38.09 points, or 2.54 percent, to 1,538.50.

In the US, dollar climbed against most major currencies on Thursday as the country's strong GDP data indicated that the US economy is in good shape.

The US Commerce Department on Thursday revised up its estimate for the real gross domestic product (GDP) in the second quarter from a growth rate of 2.3 percent to 3.7 percent, much higher than a gain of 0.6 percent in the first quarter, reported Xinhua.

Other economic data from the country also came out positive. In the week ending August 22, the advance figure for seasonally adjusted initial jobless claims was 271,000, a decrease of 6,000 from the previous week, according to the US Labour Department on Thursday.

The dollar index, which measures the greenback against six major peers, was up 0.57 percent at 95.643 in late trading.

Although robust data eased some worries over whether the Federal Reserve would raise interest rates this year given the global market rout recently, many investors held that a September-hike is practically off the table.

In late New York trading, the euro fell to $1.1257 from $1.1345 in the previous session, and the British pound dropped to $1.5425 from $1.5469 in the previous session. The Australian dollar inched up to $0.7171 from $0.7099.

In Franc, stock market benchmark index CAC 40 rebounded strongly by 3.49 percent to close at 4,658.18 points on Thursday, up 157.13 points.

The top three gainers on Thursday were Total, up 6.56 percent, ArcelorMittal, up 6.02 percent, and Accor, up 5.54 percent.

In the previous trading day, the CAC 40 dropped by 1.40 percent to close at 4,501.05 points on Wednesday, down 63.81 points.

In India, the 30-scrip Sensitive Index (Sensex) of the Bombay Stock Exchange,gained 323.34 points or 1.23 percent during the morning session.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) also gained 91.65 points or 1.15 percent and was trading at 8,040.60 points.