Asia Pacific Portfolio Strategy Asian equity market daily update

Portfolio Strategy Research 17 August 2026 | 6:44PM SGT

Asia-Pacific Portfolio Strategy: Asian equity market daily update

The MXAPJ Index rose 0.6% today. China A and China markets outperformed, while Timothy Moe, CFA | Philippines and Australia markets underperformed. Indonesia and Korea markets Goldman Sachs (Singapore) Pte

were closed today. Within MXAPJ sectors, Materials and Comm Serv led while Cons Alvin So, CFA | Stap and Health Care lagged. MSCI Japan was flat today. Goldman Sachs (Asia) L.L.C.

Sunil Koul For a detailed analysis, please see Korea: Positive strategic view intact despite sharp | Goldman Sachs International drawdown, Aug 4, 2026. Kinger Lau, CFA | Exhibit 1: The MXAPJ index has gained 23.0% YTD after gaining 27% in 2025, particularly Goldman Sachs (Asia) L.L.C.

led by Korea and Taiwan markets while dragged down by Indonesia, China, and India. John Kwon Sectorally, Info Tech and Industrials are leaders in 2026. | 2026 YTD 2026 YTD Goldman Sachs (Singapore) Pte 2025 USD 2026 FX Daily USD Index price return LOC price Impact USD price Amorita Goel, CFA return return price return | Goldman Sachs (Singapore) Pte MXAPJ 26.8% 23.1% -0.1% 23.0% 0.6% MXAPJ ex Korea ex Taiwan 16.2% -1.5% -0.5% -2.1% 0.7% By MSCI markets Indonesia -6.8% -32.4% -4.4% -36.7% 0.0% China (MXCN) 28.1% -8.4% -0.7% -9.1% 1.6% India 3.0% -3.2% -5.8% -9.0% -0.1% Malaysia 10.6% 3.4% -0.1% 3.3% 0.6% Hong Kong 29.3% 5.7% -0.8% 4.9% 1.3% Philippines -2.6% 9.9% -4.7% 5.2% -1.0% China-A (CSI300) 21.8% 2.4% 3.6% 6.0% 1.6% Australia 10.9% 5.5% 7.1% 12.6% -0.3% Japan 22.1% 23.6% -1.7% 21.9% 0.0% Thailand 3.1% 28.6% -5.7% 22.9% 1.4% Singapore 26.9% 22.0% 1.0% 23.0% 0.4% Taiwan 36.2% 63.2% -2.1% 61.0% 0.4% Korea 96.6% 86.4% 3.0% 89.4% 0.0% By MXAPJ GICS 1 sectors Comm Serv 37.3% -19.3% -0.1% -19.4% 1.0% Cons Disc 13.2% -7.6% 0.0% -7.6% 0.8% Cons Stap 1.8% -1.2% -0.9% -2.2% -0.3% Utilities 1.8% 0.9% -1.0% 0.0% 0.1% Energy 14.5% 1.5% -1.2% 0.3% 0.8% Real Estate 7.1% 3.2% 0.2% 3.4% 0.0% Health Care -0.3% 3.5% 0.0% 3.5% -0.1% Financials 20.8% 7.2% 0.2% 7.4% 0.1% Materials 31.9% 10.9% 3.4% 14.2% 1.7% Industrials 29.2% 17.5% 0.6% 18.1% 0.7% Info Tech 50.7% 75.7% 0.3% 76.0% 0.7%

Source: Bloomberg, FactSet, MSCI, Goldman Sachs Global Investment Research

Report priced as of Aug 17, 2026, 3:30pm HKT.

Investors should consider this report as only a single factor in making their investment decision. For Reg AC certification and other important disclosures, see the Disclosure Appendix, or go to

Goldman Sachs Asia-Paci昀c Portfolio Strategy

Exhibit 2: MSCI Asia-Paci昀c market indices valuation and potential return

Source: LSEG Data & Analytics, FactSet, MSCI, Goldman Sachs Global Investment Research