Asian Stocks Fall (CAN, RTP)

Asian stocks are coming under selling pressure Monday as concerns over European debt levels weigh on investors once again. Japan's Nikkei 225 average is down 2.0 percent with euro weakness pulling down exporters. Canon Inc. CAN, which receives 31 percent on its revenue fro europe fell 2.1 percent in Tokyo. The euro declined against the yen on concerns austerity measures would crimp European growth. Commodity prices slumped with materials producer Rio Tinto Group RTP, the world's third-largest mining company, falling 4.8 percent. Machinery orders in Japan climbed 5.4 percent in March from February. The median estimate was for orders to increase by 6.3 percent.