Asia Pacific Portfolio Strategy Asian equity market daily update

Portfolio Strategy Research 5 August 2026 | 8:02PM SGT

Asia-Pacific Portfolio Strategy: Asian equity market daily update

The MXAPJ Index rose 2.1% today. Korea and Taiwan markets outperformed, while Timothy Moe, CFA | Singapore and Indonesia markets underperformed. Within MXAPJ sectors, Info Tech Goldman Sachs (Singapore) Pte

and Materials led while Energy and Utilities lagged. MSCI Japan also rose 2.3% today. Alvin So, CFA | Goldman Sachs (Asia) L.L.C. For a detailed analysis, please see Asian Equity Perspectives: 2H playbook - stick Sunil Koul with the winners, Jun 28, 2026. | Goldman Sachs International

Exhibit 1: The MXAPJ index has gained 21% YTD after gaining 27% in 2025, particularly Kinger Lau, CFA | led by Korea and Taiwan markets while dragged down by Indonesia, India, and China. Goldman Sachs (Asia) L.L.C. 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% 22.0% -1.0% 21.0% 2.1% Amorita Goel, CFA | MXAPJ ex Korea ex Taiwan 16.2% -0.1% -0.7% -0.8% 0.6% Goldman Sachs (Singapore) Pte By MSCI markets Indonesia -6.8% -31.8% -4.8% -36.6% -0.5% India 3.0% -2.5% -5.4% -7.9% 0.4% China (MXCN) 28.1% -6.4% -0.7% -7.1% 1.0% China-A (CSI300) 21.8% 0.6% 2.1% 2.7% 1.2% Malaysia 10.6% 4.8% -0.9% 3.9% 1.0% Hong Kong 29.3% 7.6% -0.8% 6.8% 0.5% Philippines -2.6% 11.2% -3.6% 7.6% 0.5% Australia 10.9% 8.5% 6.1% 14.6% 0.7% Singapore 26.9% 17.2% 0.3% 17.6% -0.5% Japan 22.1% 19.2% -0.7% 18.5% 2.3% Thailand 3.1% 27.5% -6.5% 20.9% 0.2% Taiwan 36.2% 60.1% -4.2% 56.0% 3.8% Korea 96.6% 76.1% 2.0% 78.0% 4.4% By MXAPJ GICS 1 sectors Comm Serv 37.3% -14.9% 0.2% -14.7% 0.5% Cons Disc 13.2% -3.5% -2.3% -5.8% 1.2% Energy 14.5% -0.1% -2.6% -2.7% -0.8% Cons Stap 1.8% -0.6% -1.0% -1.6% -0.2% Health Care -0.3% 0.5% -0.8% -0.3% 1.4% Utilities 1.8% 2.3% -2.2% 0.1% -0.1% Real Estate 7.1% 4.7% 0.0% 4.7% 0.4% Financials 20.8% 9.1% -0.1% 8.9% 0.1% Materials 31.9% 10.2% 2.3% 12.5% 3.3% Industrials 29.2% 18.2% -2.0% 16.2% 2.5% Info Tech 50.7% 70.8% -3.4% 67.4% 3.9%

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

Report priced as of Aug 5, 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