Asia Pacific Portfolio Strategy Asian equity market daily update

Portfolio Strategy Research 18 August 2026 | 7:27PM SGT

Asia-Pacific Portfolio Strategy: Asian equity market daily update

The MXAPJ Index dropped 0.7% today. Malaysia and Indonesia markets Timothy Moe, CFA | outperformed, while Japan and Korea markets underperformed. Within MXAPJ Goldman Sachs (Singapore) Pte

sectors, Health Care and Energy led while Info Tech and Industrials lagged. MSCI Alvin So, CFA | Japan also dropped 1.6% 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 21.9% YTD after gaining 27% in 2025, particularly Goldman Sachs (Asia) L.L.C.

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% 22.2% -0.3% 21.9% -0.7% MXAPJ ex Korea ex Taiwan 16.2% -1.6% -0.6% -2.2% -0.1% By MSCI markets Indonesia -6.8% -31.9% -4.5% -36.4% 0.5% India 3.0% -3.6% -5.8% -9.5% -0.3% China (MXCN) 28.1% -8.3% -0.7% -9.0% 0.2% Malaysia 10.6% 3.7% 0.0% 3.7% 0.5% Hong Kong 29.3% 5.2% -0.8% 4.4% -0.5% Philippines -2.6% 9.9% -5.2% 4.8% -0.4% China-A (CSI300) 21.8% 2.1% 3.6% 5.7% -0.3% Australia 10.9% 5.9% 6.8% 12.7% 0.1% Japan 22.1% 22.0% -2.3% 19.7% -1.6% Singapore 26.9% 20.4% 0.8% 21.2% -1.4% Thailand 3.1% 28.5% -6.2% 22.3% -0.4% Taiwan 36.2% 61.3% -2.4% 58.9% -1.4% Korea 96.6% 83.4% 3.7% 87.2% -1.4% By MXAPJ GICS 1 sectors Comm Serv 37.3% -19.9% -0.3% -20.2% -0.8% Cons Disc 13.2% -9.6% 2.1% -7.5% 0.3% Cons Stap 1.8% -1.3% -1.3% -2.6% -0.3% Utilities 1.8% -0.1% 0.0% -0.1% 0.1% Energy 14.5% 3.6% -2.5% 1.2% 0.9% Real Estate 7.1% 2.2% 1.4% 3.6% 0.0% Health Care -0.3% 0.5% 5.4% 5.9% 2.5% Financials 20.8% 7.1% -0.5% 6.6% -0.6% Materials 31.9% 12.8% 1.5% 14.3% 0.2% Industrials 29.2% 15.8% 1.2% 16.9% -0.9% Info Tech 50.7% 73.6% -0.5% 73.1% -1.5%

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

Report priced as of Aug 18, 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