Asian corporations not overexposed to eurozone crisis, agency says

"A significant amount of trade in Asia, and particularly growth in that trade over the last few years, has been within the region," Fitch said.
But some Asian economies remained more focused on the historical export markets in the West than others, it said.
"Japanese consumer electronics companies such as Sony are more exposed to economic weakness in developed European markets than Korean competitors such as Samsung, with its focus on developing markets," the credit rating agency said.
Fitch predicted that the three Asian countries with huge domestic markets- China, India and Indonesia - would be less exposed to the eurozone crisis than the more open economies of Thailand, Malaysia and Mongolia.
"We believe they have sufficiently developed domestic demand characteristics to offset the worst of any eurozone contagion for the majority of corporates whose business is largely domestic or regionally focused," Fitch said of Asia's three most populous countries. //DPA