Counters with Europe exposure

To be honest, I am really sick of hearing about the Greece debts and the bad news that comes in one after another. The market has been very volatile recently and it is really hard to trade at this time because even the rebound is not strong.. can't even last for a day. Everything falls back in place in the afternoon.... very dissapointed and demoralising....

I understand that some of you may be interested in bottom fishing. Though I don't really know and cannot predict when is it really the lowest, but if you are still interested, you may want to look at defensive counters and reduce your positions in counters with high european exposure trading at high premiums.

-Credit Suisse-
Sell all stocks with high European exposure or just those trading at high premiums such as Li & Fung and Tata Motors. With fears of a contagion from the periphery to the core rising and still no quantitative easing by the European Central Bank, investors appear to be selling every Asian stock with European exposure.

Stocks with European exposure that are trading at discounts. The stocks with European exposure that are trading at significant discounts (i.e., already pricing in some fall in ROE), including Yangzijiang Shipping (84% discount), Kia Motors (83%), Hyundai Mobis (66%), Espirit Holdings (53%) and Sembcorp Marine (37%). Can consider??

According to Credit Suisse HOLT® data, Asian stocks with the highest exposure to Europe
in terms of European revenue as a percentage of total revenue are:
- Espirit Holdings – 85%
- Yangzijiang Shipping – 78%
- Hutchison Whampoa – 61%
- Acer Incorporated – 51%
- Suzlon Energy – 43%
- Tata Motors – 40%
- Sembcorp Marine – 38%
- IOI Corporation – 33%
- Li & Fung – 27%
- Olam International – 27%