Companies that rely on the Chinese market may suffer if China continues raising rates. |
Investors have started selling real estate stocks on speculation higher interest rates in Japan will hurt their earnings as borrowing costs trim their future profit. |
The GDP figure was within our estimates and there was no surprise there. That lack of surprise may have prompted profit- taking. |
The market's direction hinges on the earnings news for now. Investors are becoming very sensitive to bad news. |
The U.S. economy is the key to export stocks. Automakers and technology shares may rise further once investors confirm the country's economic strength. |