Asia Pacific Portfolio Strategy Asian equity market daily update

Portfolio Strategy Research 15 September 2026 | 7:23PM SGT

Asia-Pacific Portfolio Strategy: Asian equity market daily update

The MXAPJ Index dropped 1.1% today. China and China A markets outperformed, Timothy Moe, CFA | while Indonesia and Philippines markets underperformed. Within MXAPJ sectors, Goldman Sachs (Singapore) Pte

Comm Serv and Cons Disc led while Materials and Industrials lagged. MSCI Japan also Alvin So, CFA | dropped 0.7% 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 19.6% YTD after gaining 27% in 2025, particularly Goldman Sachs International

led by Korea and Taiwan markets while dragged down by Indonesia, India, and China. 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% 19.2% 0.4% 19.6% -1.1% MXAPJ ex Korea ex Taiwan 16.2% -5.5% -0.6% -6.1% -1.0% Terry Chan By MSCI markets | Goldman Sachs (Asia) L.L.C. Indonesia -6.8% -33.1% -3.8% -36.9% -1.8% India 3.0% -7.8% -5.8% -13.6% -1.6% China (MXCN) 28.1% -12.2% -0.7% -12.9% -0.6% Philippines -2.6% 6.4% -6.8% -0.5% -1.7% China-A (CSI300) 21.8% -3.9% 4.0% 0.1% -0.7% Malaysia 10.6% 1.0% -0.6% 0.4% -1.3% Hong Kong 29.3% 3.8% -0.8% 3.0% -0.9% Australia 10.9% 1.1% 6.9% 7.9% -1.1% Thailand 3.1% 24.2% -6.8% 17.4% -1.1% Singapore 26.9% 18.6% 1.2% 19.8% -1.4% Japan 22.1% 18.5% 1.4% 19.9% -0.7% Taiwan 36.2% 62.4% -2.1% 60.3% -0.8% Korea 96.6% 76.3% 10.5% 86.8% -1.5% By MXAPJ GICS 1 sectors Comm Serv 37.3% -22.5% 0.2% -22.3% 0.9% Cons Disc 13.2% -17.6% 0.2% -17.4% -0.5% Cons Stap 1.8% -7.2% 0.6% -6.6% -0.5% Real Estate 7.1% -6.1% 1.6% -4.5% -1.6% Utilities 1.8% 0.1% -0.8% -0.7% -1.3% Energy 14.5% 2.4% -1.6% 0.8% -1.2% Health Care -0.3% 3.5% 0.6% 4.1% -0.5% Financials 20.8% 7.5% 0.9% 8.4% -1.6% Materials 31.9% 10.1% -0.5% 9.6% -2.3% Industrials 29.2% 9.9% 1.6% 11.5% -2.3% Info Tech 50.7% 70.5% 1.4% 72.0% -0.9%

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

Report priced as of Sep 15, 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