The investment mogul’s stake in the Chinese electric vehicle maker is effectively down more than 66%

Among the biggest drags on Nikkei was Toyota Motor, which slid 2.6% amid continued fallout from a safety test certification scandal

Sentiment was hurt as the United States said it was considering taking additional steps against Chinese companies that have been supplying Russia's defence industrial sector

World stocks retreated from record highs as China signalled it would respond to the EU's tariffs on its electric vehicle makers

Losses in Japan and Hong Kong were offset by markets rallying in Taiwan and South Korea — both of which were buoyed by overnight gains on Wall Street and positive tech news.

The halt in the Asian risk rally came as Friday's non-farm payroll data underscored the resilience of the US labour market

China sat out of the global risk rally after a group of Republican lawmakers said battery companies CATL and Gotion should be banned from shipping goods to the US

Shares across Asia were boosted by advances in the euro ahead of the European Central Bank policy meeting, but pared gains amid caution

Focus in the region was on how Indian markets performed after stocks sank and the rupee slid a day before

Modi is still on track to return to power in India for a rare third-term, but will now be reliant on alliance partners to stake a claim to form and keep running the government

Japanese officials have ordered Toyota, Mazda and Yamaha to suspend shipments of some vehicles for submitting incorrect or manipulated safety test data

Market analysts say the projections lifted uncertainty about the likely result and signalled the continuity of Modi's economic policies. But exit polls have a patchy record in India