Asia Pacific Portfolio Strategy Asian equity market daily update

Portfolio Strategy Research 9 September 2026 | 7:27PM SGT

Asia-Pacific Portfolio Strategy: Asian equity market daily update

The MXAPJ Index rose 0.3% today. Korea and Philippines markets outperformed, Timothy Moe, CFA | while India and Singapore markets underperformed. Within MXAPJ sectors, Materials Goldman Sachs (Singapore) Pte

and Energy led while Health Care and Cons Stap lagged. MSCI Japan was flat 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 25.3% 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 Materials 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% 23.3% 2.0% 25.3% 0.3% Amorita Goel, CFA | MXAPJ ex Korea ex Taiwan 16.2% -3.3% 0.2% -3.1% -0.1% Goldman Sachs (Singapore) Pte By MSCI markets Terry Chan Indonesia -6.8% -32.3% -3.2% -35.5% -0.3% | China (MXCN) 28.1% -10.3% -0.7% -11.0% -0.1% Goldman Sachs (Asia) L.L.C. India 3.0% -6.0% -4.4% -10.4% -0.4% Philippines -2.6% 8.7% -6.4% 2.3% 0.7% China-A (CSI300) 21.8% -1.2% 4.1% 2.9% 0.3% Malaysia 10.6% 3.2% -0.1% 3.1% 0.0% Hong Kong 29.3% 6.6% -0.8% 5.8% 0.1% Australia 10.9% 3.8% 8.8% 12.5% 0.1% Japan 22.1% 19.3% 2.7% 21.9% 0.3% Thailand 3.1% 27.9% -5.3% 22.6% -0.1% Singapore 26.9% 21.0% 2.1% 23.0% -0.5% Taiwan 36.2% 68.3% -0.3% 68.0% 0.1% Korea 96.6% 89.0% 14.8% 103.7% 1.9% By MXAPJ GICS 1 sectors Comm Serv 37.3% -21.7% -0.8% -22.5% -0.4% Cons Disc 13.2% -14.1% -1.3% -15.4% -0.6% Cons Stap 1.8% -5.6% 0.5% -5.1% -1.1% Real Estate 7.1% -1.3% 1.7% 0.4% -0.6% Utilities 1.8% 1.8% 0.3% 2.1% 0.8% Health Care -0.3% 6.7% -0.7% 6.0% -1.1% Energy 14.5% 7.1% -1.0% 6.1% 1.3% Financials 20.8% 7.6% 1.8% 9.4% -0.6% Industrials 29.2% 15.6% 2.2% 17.7% 1.2% Materials 31.9% 15.1% 4.7% 19.9% 1.8% Info Tech 50.7% 81.2% 4.2% 85.5% 0.8%

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

Report priced as of Sep 9, 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