Asia Pacific Portfolio Strategy Asian equity market daily update

Portfolio Strategy Research 14 September 2026 | 7:59PM SGT

Asia-Pacific Portfolio Strategy: Asian equity market daily update

The MXAPJ Index dropped 1.1% today. Malaysia and Singapore markets Timothy Moe, CFA | outperformed, while Korea and Thailand markets underperformed. India markets Goldman Sachs (Singapore) Pte

were closed today. Within MXAPJ sectors, Health Care and Financials led while Info Alvin So, CFA | Tech and Industrials lagged. MSCI Japan was flat 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 21.0% 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% 19.8% 1.2% 21.0% -1.1% MXAPJ ex Korea ex Taiwan 16.2% -4.7% -0.4% -5.1% 0.0% Terry Chan By MSCI markets | Goldman Sachs (Asia) L.L.C. Indonesia -6.8% -34.3% -3.6% -37.9% -0.9% China (MXCN) 28.1% -11.7% -0.7% -12.4% 0.2% India 3.0% -6.7% -5.5% -12.2% 0.0% China-A (CSI300) 21.8% -3.2% 4.1% 0.8% -0.7% Philippines -2.6% 8.2% -6.9% 1.3% 0.1% Malaysia 10.6% 2.1% -0.5% 1.6% 0.5% Hong Kong 29.3% 4.6% -0.8% 3.8% 0.3% Australia 10.9% 2.2% 7.2% 9.4% -0.3% Thailand 3.1% 25.5% -6.4% 19.1% -1.3% Japan 22.1% 19.2% 1.9% 21.1% -0.1% Singapore 26.9% 20.0% 1.5% 21.5% 0.3% Taiwan 36.2% 63.5% -1.8% 61.6% -1.0% Korea 96.6% 77.5% 12.4% 89.8% -4.0% By MXAPJ GICS 1 sectors Comm Serv 37.3% -22.7% -0.2% -22.9% 0.3% Cons Disc 13.2% -18.4% 1.3% -17.1% -0.5% Cons Stap 1.8% -5.5% -0.6% -6.1% 0.1% Real Estate 7.1% -3.5% 0.9% -2.6% -0.4% Utilities 1.8% -0.5% 1.1% 0.6% 0.0% Energy 14.5% 2.8% -0.7% 2.1% -0.4% Health Care -0.3% 2.2% 2.5% 4.8% 1.2% Financials 20.8% 8.2% 2.1% 10.2% 0.5% Materials 31.9% 10.1% 2.2% 12.3% -0.9% Industrials 29.2% 10.9% 3.4% 14.3% -1.0% Info Tech 50.7% 66.5% 7.2% 73.8% -2.5%

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

Report priced as of Sep 14, 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