Asia Pacific Portfolio Strategy Asian equity market daily update

Portfolio Strategy Research 7 September 2026 | 7:49PM SGT

Asia-Pacific Portfolio Strategy: Asian equity market daily update

The MXAPJ Index rose 1.7% today. Korea and Taiwan markets outperformed, while Timothy Moe, CFA | China and Indonesia markets underperformed. Within MXAPJ sectors, Info Tech and Goldman Sachs (Singapore) Pte

Industrials led while Real Estate and Cons Stap lagged. MSCI Japan also rose 1.1% Alvin So, CFA | today. Goldman Sachs (Asia) L.L.C.

Kinger Lau, CFA For a detailed analysis, please see Asian Equity Perspectives: Into the home stretch, | Goldman Sachs (Asia) L.L.C. Aug 30, 2026. Sunil Koul | Exhibit 1: The MXAPJ index has gained 25.4% YTD after gaining 27% in 2025, particularly Goldman Sachs International

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% 23.6% 1.8% 25.4% 1.7% MXAPJ ex Korea ex Taiwan 16.2% -2.7% 0.1% -2.6% -0.3% Terry Chan By MSCI markets | Goldman Sachs (Asia) L.L.C. Indonesia -6.8% -32.3% -3.7% -35.9% -0.8% China (MXCN) 28.1% -9.8% -0.6% -10.4% -0.7% India 3.0% -5.6% -4.6% -10.2% -0.6% Philippines -2.6% 7.1% -6.5% 0.6% -0.1% China-A (CSI300) 21.8% -1.2% 4.1% 2.9% 0.6% Malaysia 10.6% 3.0% 0.3% 3.3% 0.1% Hong Kong 29.3% 7.0% -0.8% 6.3% -0.2% Australia 10.9% 5.0% 8.6% 13.5% 0.3% Japan 22.1% 21.7% 0.7% 22.4% 1.1% Thailand 3.1% 28.1% -5.4% 22.7% 2.1% Singapore 26.9% 22.1% 1.9% 23.9% -0.2% Taiwan 36.2% 68.9% -0.8% 68.1% 2.4% Korea 96.6% 87.5% 13.7% 101.2% 6.0% By MXAPJ GICS 1 sectors Comm Serv 37.3% -20.5% -0.8% -21.3% -0.4% Cons Disc 13.2% -11.7% -1.9% -13.6% 0.0% Cons Stap 1.8% -5.4% 1.9% -3.5% -0.6% Utilities 1.8% 2.3% -1.4% 0.9% 0.1% Real Estate 7.1% -0.6% 1.9% 1.3% -0.7% Energy 14.5% 5.2% -2.2% 3.0% -0.4% Health Care -0.3% 6.1% 1.1% 7.2% -0.4% Financials 20.8% 10.1% 1.2% 11.4% -0.3% Industrials 29.2% 17.1% 0.1% 17.2% 1.9% Materials 31.9% 13.4% 3.9% 17.2% 0.3% Info Tech 50.7% 83.9% -0.6% 83.4% 4.0%

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

Report priced as of Sep 7, 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