Asia Pacific Portfolio Strategy Asian equity market daily update

Portfolio Strategy Research 19 August 2026 | 6:21PM SGT

Asia-Pacific Portfolio Strategy: Asian equity market daily update

The MXAPJ Index dropped 1.8% today. Hong Kong and Indonesia markets Timothy Moe, CFA | outperformed, while Korea and Japan 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 3.2% 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 19.6% 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% 19.8% -0.2% 19.6% -1.8% MXAPJ ex Korea ex Taiwan 16.2% -2.1% -0.7% -2.8% -0.5% By MSCI markets Indonesia -6.8% -32.6% -4.4% -37.0% 0.3% India 3.0% -4.2% -5.9% -10.1% -0.5% China (MXCN) 28.1% -9.1% -0.7% -9.8% -0.7% Philippines -2.6% 7.7% -5.2% 2.5% -2.1% China-A (CSI300) 21.8% -0.9% 3.5% 2.6% -2.9% Malaysia 10.6% 3.6% -0.1% 3.5% -0.2% Hong Kong 29.3% 5.9% -0.8% 5.1% 0.7% Australia 10.9% 5.8% 6.4% 12.2% -0.4% Japan 22.1% 17.9% -1.8% 16.0% -3.2% Singapore 26.9% 19.9% 0.8% 20.7% -0.2% Thailand 3.1% 27.2% -6.2% 21.0% -0.8% Taiwan 36.2% 59.0% -2.5% 56.5% -1.3% Korea 96.6% 71.1% 5.2% 76.4% -5.8% By MXAPJ GICS 1 sectors Comm Serv 37.3% -20.3% -0.3% -20.6% -0.4% Cons Disc 13.2% -9.4% 1.0% -8.3% -0.6% Cons Stap 1.8% -3.0% 0.2% -2.8% -0.1% Utilities 1.8% -2.4% 2.1% -0.3% -0.2% Energy 14.5% 3.1% -1.8% 1.3% 0.2% Real Estate 7.1% 2.7% 0.6% 3.3% -0.2% Financials 20.8% 6.0% 0.3% 6.3% -0.3% Health Care -0.3% 5.8% 0.5% 6.4% 0.4% Materials 31.9% 11.0% 2.0% 13.0% -1.1% Industrials 29.2% 12.6% 2.0% 14.5% -2.0% Info Tech 50.7% 59.6% 7.1% 66.7% -3.6%

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

Report priced as of Aug 19, 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