Asia Pacific Portfolio Strategy Asian equity market daily update

Portfolio Strategy Research 17 September 2026 | 8:30PM SGT

Asia-Pacific Portfolio Strategy: Asian equity market daily update

The MXAPJ Index was flat today. Taiwan and Thailand markets outperformed, while Timothy Moe, CFA | Korea and Malaysia markets underperformed. Within MXAPJ sectors, Health Care Goldman Sachs (Singapore) Pte

and Industrials led while Comm Serv and Energy lagged. MSCI Japan rose 0.4% today. Alvin So, CFA | Goldman Sachs (Asia) L.L.C. For a detailed analysis, please see Asian Equity Perspectives: Into the home stretch, Kinger Lau, CFA Aug 30, 2026. | Goldman Sachs (Asia) L.L.C.

Exhibit 1: The MXAPJ index has gained 20.1% YTD after gaining 27% in 2025, particularly Sunil Koul | led by Korea and Taiwan markets while dragged down by Indonesia, China, and India. Goldman Sachs International Sectorally, Info Tech and Industrials are leaders in 2026. John Kwon 2026 YTD 2026 YTD | 2025 USD 2026 FX Daily USD Index price return LOC price Impact USD price Goldman Sachs (Singapore) Pte return return price return MXAPJ 26.8% 20.1% 0.0% 20.1% 0.0% Amorita Goel, CFA | MXAPJ ex Korea ex Taiwan 16.2% -5.4% -0.6% -6.0% 0.0% Goldman Sachs (Singapore) Pte By MSCI markets Terry Chan Indonesia -6.8% -33.6% -4.0% -37.6% -0.1% | China (MXCN) 28.1% -12.6% -0.7% -13.3% -0.5% Goldman Sachs (Asia) L.L.C. India 3.0% -7.5% -5.8% -13.3% 0.5% Philippines -2.6% 5.0% -6.5% -1.5% 0.7% Malaysia 10.6% 0.6% -1.0% -0.4% -0.7% China-A (CSI300) 21.8% -3.7% 4.1% 0.4% -0.4% Hong Kong 29.3% 4.2% -0.8% 3.4% -0.2% Australia 10.9% 1.9% 6.9% 8.8% 0.4% Thailand 3.1% 24.1% -6.9% 17.2% 1.1% Singapore 26.9% 18.3% 0.9% 19.3% 0.2% Japan 22.1% 20.0% 0.9% 20.8% 0.4% Taiwan 36.2% 65.0% -2.4% 62.7% 1.1% Korea 96.6% 79.2% 7.6% 86.9% -1.2% By MXAPJ GICS 1 sectors Comm Serv 37.3% -23.8% -0.1% -23.9% -1.1% Cons Disc 13.2% -17.6% -0.7% -18.2% -0.3% Cons Stap 1.8% -5.8% -1.0% -6.8% 0.0% Real Estate 7.1% -4.6% 0.1% -4.5% 0.0% Utilities 1.8% 1.1% -1.8% -0.6% 0.0% Energy 14.5% 3.2% -3.0% 0.2% -0.5% Health Care -0.3% 3.9% 0.8% 4.7% 1.0% Financials 20.8% 8.6% 0.3% 8.9% 0.3% Materials 31.9% 9.1% 1.4% 10.6% -0.3% Industrials 29.2% 11.2% 0.4% 11.6% 0.6% Info Tech 50.7% 71.4% 2.5% 73.9% 0.0%

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

Report priced as of Sep 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