Goldman Sachs
July 2, 2026
Asia-Pacific Portfolio Strategy: Asian Equity Market Daily Update
Daily UpdateEquitiesCommunication ServicesConsumer Discretionary
The MXAPJ Index fell 2.1% on July 2, 2026, amid mixed regional performance. Despite daily headwinds, the index remains up 20% year-to-date.
Key Takeaways
- 1.The MXAPJ Index dropped 2.1% today, with Korea and China A markets underperforming while Indonesia and Philippines markets outperformed.
- 2.Info Tech and Industrials sectors led year-to-date performance in 2026, though both saw declines during the daily session.
Table of Contents
- Asian markets at a glance
- Market valuations
- Japan in a nutshell
- Performance and correlation heatmap
- Fund Flows and Liquidity
- Market breadth and baskets performance
- Macro environment and financial conditions
- Earnings revisions of regional markets and sectors
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Authors
Timothy Moe, CFASunil KoulKinger Lau, CFAAlvin So, CFAJohn KwonAmorita Goel, CFA
Securities
MXAPJ IndexSHSZ300MSCI Japan
Themes
Regional Market DivergenceSector Rotation
Regions
Asia PacificIndonesiaPhilippinesKorea