Ola Electric Mobility Ltd. $OLAELEC.NS recorded its sharpest intraday selloff since April 7, as quarterly results highlighted deepening losses and a sharp revenue contraction. The company reported a net loss of 8.7 billion INR (approximately 102 million USD) for the quarter ending March 31. This figure represents more than a twofold increase compared to last year's 4.16 billion INR loss. Concurrently, revenue dropped 62% year-on-year to 6.11 billion INR, indicating persistent headwinds in market demand and operational efficiency.

Shares of NetEase Inc. $9999.HK, a major force in interactive entertainment, are trading just 7% below their 2021 historical peak—suggesting the company is on the cusp of setting a new price benchmark after more than four years. NetEase, the studio behind viral sensations like Eggy Party, has emerged as a top gainer among Chinese technology firms and leading global gaming equities, a distinction amplified in recent months.

Late-month stock market fluctuations underscored how quickly investor sentiment shifts on geopolitical developments. A public statement from former US President Donald Trump, blaming China for allegedly breaching trade agreements and signaling a potential meeting with Chinese leader Xi Jinping, catalyzed sharp intraday swings. Initially, the S&P 500 index $^SPX dropped as much as 1.2%, before moderating losses and closing flat.