Indian stocks climbed to an all-time high during trading on Wednesday. They were especially helped by Tata Motors, which announced its plans in the electric car segment.
The NSF Nifty 50 index strengthened by less than one percent on Wednesday and closed above 18,160 points. The Mumbai Stock Exchange thus grew continuously for the fifth trading day in a row. Shares of Tata Motors helped it the most, adding almost 25 percent to the highest level since February 2017. Tata Motors has announced its plans in the electromobility segment.
In a similar vein, trading also took place in Shanghai, which strengthened by 1.2 (main index) and 0.4 (aggregate index) percent, respectively. The Shanghai Stock Exchange was helped by data on export developments in September, which unexpectedly accelerated its growth. The stock exchange in Seoul also grew, where the KOSPI index rose by less than one percent, mainly due to positive numbers from the labor market.
Shares in Tokyo went in the opposite direction. The Nikkei index weakened by 0.32 percent, due to US inflation data, which returned to a thirteen-year high. Shares of semiconductor manufacturers or chemical companies lost the most.
