周一，法国和希腊两国的大选引起了人们对欧元区是否还会实行经济紧缩政策的关注，有消息称美国的就业情况比预想的还要糟糕。紧接着，日本的日经指数便平均下跌2.6%，达到三个月以来的新低。
“到处都是一片红灯，情况简直太糟糕了，”美国银行的一位贸易商说道，他还称对欧元区的种种担心和美国经济增长的放缓会直接影响投资者对日元的购买意愿，从而加重日本出口商的负担。
日股日经指数<.N225>回落242.08点，报收9,138.17点，比52周以来的动态平均值9,158点还要低，但比这200天以来的动态平均值9,066要高些。
在出口商中，本田汽车公司的股票下跌了4.6%，丰田汽车公司则下跌了3%，索尼公司下降了3.9%。
金融家们也由于投资者纷纷回避风险资产而痛苦不已。日本最大的投资银行野村控股公司（Nomura Holdings）的股价萎缩了6.4%，日本保险公司东京海上控股株式会社（Tokio Marine Holdings）股价下跌了3.9%，专注贷款的三井住友金融集团（Sumitomo Mitsui Financial Group）股价也缩水了2.9%。
希腊今日持续的经济衰退正是由于当权者当初接受了国际援助，这让周日大选上的希腊选民非常气愤。当初的这一决定导致希腊在欧元区的未来岌岌可危，并且给欧洲债务危机的恢复造成阻碍。
法国选民在周日的总统大选上抛弃了接受国际救援的主谋和紧缩政策的提倡者——现任总统尼古拉•萨尔科齐。大选取得胜利的弗朗索瓦•奥朗德（Francois Hollande）承诺将带领法国人民与以德国为首的紧缩政策展开对抗。
欧洲政治局势不稳定，外加4月份美国公司招聘力度的下调，这些因素一起引发人们纷纷猜测世界最大的经济体也要减慢发展步伐了。
Shun Maruyama是法国巴黎银行的首席日本股权战略师，他曾预言日本股市在5月份就会重整待发；然而，看到空头回补的发展态势之后，他立马纠正股市恢复的时间可能要到6、7月份。
他说卖空比4月份时已经达到25.5%，接近警戒线的28%-30%，这预示着看跌的投资者更有可能获胜。
周一，大盘下跌2.4%，报收773.61点。
生产手机社交游戏的Gree公司和DeNA有限公司在媒体报道日本消费者协会可能会对涉及赌博的线上游戏进行压制后，股票都下跌了超过20%。
Japan's Nikkei average shed 2.6 percent to hit a three-month low on Monday after elections inFrance and Greece raised concerns on whether struggling euro zone economies will continue to pursue austerity measures and as U.S. jobs data came in weaker than expected.
"It's red all over the place. It's pretty bad," a trader at a U.S. bank said, adding that concerns over the euro zone and slowing growth in the United States triggered yen buying, which further weighed on Japanese exporters.
The Nikkei .N225 was down 242.08 points at 9,138.17, breaking below its 52-week moving average near 9,158 but holding above its 200-day moving average near 9,066.
Among exporters, Honda Motor Co (7267.T) dropped 4.6 percent, Toyota Motor Corp (7203.T) shed 3 percent and Sony Corp (6758.T) fell 3.9 percent.
Financials also suffered as investors cut their exposure to risky assets. Nomura Holdings (8604.T), Japan's top investment bank, sank 6.4 percent, insurer Tokio Marine Holdings (8766.T) dropped 3.9 percent and lender Sumitomo Mitsui Financial Group (8316.T) lost 2.9 percent.
Greek voters enraged by economic hardship caused by the terms of an international bailout turned on ruling parties in an election on Sunday, putting the country's future in the euro zone at risk and threatening to revive Europe's debt crisis.
In France, voters ousted incumbent Nicolas Sarkozy, a key architect of bailouts for indebted countries and an advocate of austerity measures, in a presidential election on Sunday, and winner Francois Hollande promised to start a pushback against German-led austerity policies.
Adding to the political uncertainty in Europe, U.S. employers cut back on hiring in April, spurring concerns the world's largest economy is losing momentum.
Shun Maruyama, Chief Japan equity strategist at BNP Paribas, said he expected Japanese equities to rally in June or July, however, led by short-covering, after a correction in May.
He said the short-selling ratio of 25.5 percent in April was approaching the critical point of 28-30 percent, suggesting investors are more likely to cover their bearish bets.
The broader Topix .TOPX lost 2.4 percent to 773.61 on Monday.
Mobile social gaming companies Gree Inc (3632.T) and DeNA Co Ltd (2432.T) both shed more than 20 percent after a media report that Japan's consumer agency may clamp down on online games that have gambling aspects.
