Japanese stocks plunged 1.37% on Monday

Japanese stocks posted sharp losses on Monday's session after US labour report indicated that employers created less than expected  jobs in June. Nikkei 225 sank 1.37% to 8896.88 after reports that Japan's core machinery orders plunged 14.8% in May compared to a forecast of a 2.4% decline.  Heavy Machinery producers as Komatsu and Sumitomo Heavy Industries both slid 4% and 3.35%. Stronger Yen added further pressure on the exporters. Shares of Honda, Nissan and Canon all tumbled by 3.15%, 2.4% and 2.1%, respectively.