Report published August 13, 2026
Goldman Sachs Asia-Pacific Portfolio Strategy: Asian Equity Market Daily Update
Source and citation context
- Issuer
- Goldman Sachs
- Report date
- August 13, 2026
- Analysis as of
- August 13, 2026
Authors / editors: Timothy Moe, CFA, Alvin So, CFA, Sunil Koul, Kinger Lau, CFA, John Kwon, Amorita Goel, CFA
Finvaulta summarizes Goldman Sachs's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.
The MSCI AC Asia Pacific ex-Japan (MXAPJ) Index rose 0.8% on August 13, 2026, driven by outperformance in Korea and Taiwan as well as Info Tech and Industrials sectors. Goldman Sachs maintains its 12-month base-case target for MXAPJ at 1080, offering a 23% upside potential.
Key Takeaways
- 1.The MXAPJ Index rose 0.8% today, led by outperformance in Korea (+3.6% daily USD) and Taiwan (+1.4% daily USD), bringing YTD USD return to 21.9%.
- 2.By sector within MXAPJ, Info Tech (+2.5% daily) and Industrials (+0.6% daily) led daily performance, whereas Communication Services (-2.3% daily) and Materials (-1.6% daily) lagged.
- 3.Goldman Sachs base case sets a 12-month MXAPJ index target of 1080 (+23% upside) with a target forward P/E of 12.4x.
Table of Contents
- By MSCI markets
- By MXAPJ GICS 1 sectors
- Asian markets at a glance
- Market valuations
- Japan in a nutshell
- Performance and correlation heatmap
- Fund Flows and Liquidity
- Market breadth and baskets performance
- Daily Top 10 Outperformers
- Week-to-date Outperformers
- Daily Top 10 Underperformers
- Month-to-date Outperformers
- Macro environment and financial conditions
- Earnings revisions of regional markets and sectors
Report data
Exhibit 2: MSCI Asia-Pacific market indices valuation and potential return (GS Base Case Targets) — as of August 13, 2026.
| Metric | Estimate | Context |
|---|---|---|
| MXAPJ Daily USD Price Return | 0.8% | Daily price gain for the broad MSCI AC Asia Pacific ex-Japan Index. |
| MXAPJ 2026 YTD USD Price Return | 21.9% | Year-to-date performance for MXAPJ Index. |
| MXAPJ 12M Target (% upside) | 1080 (+23%) points / % | Goldman Sachs base case 12M index target and upside potential for MXAPJ. |
| Korea 2026 YTD USD Price Return | 83.7% | Top performing market YTD USD return in MSCI Asia Pacific. |
Reports in this series
Asia-Pacific Portfolio Strategy is shown in chronological order through this edition, published on August 13, 2026.
Part of the Asia-Pacific Portfolio Strategy series — view all 12 editions
Looking for the latest edition? Asia Pacific Portfolio Strategy Asian equity market daily update(94) (Sep 10, 2026)
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Authors / Editors
Reported Data Context
- MXAPJ Daily USD Price Return: 0.8 % (2026-08-13) · Source: Bloomberg, FactSet, MSCI, Goldman Sachs Global Investment Research
- MXAPJ 2026 YTD USD Price Return: 21.9 % (2026 YTD as of 2026-08-13) · Source: Bloomberg, FactSet, MSCI, Goldman Sachs Global Investment Research
- MXAPJ 12M Target (% upside): 1080 (+23%) points / % (12-Month Target) · Source: LSEG Data & Analytics, FactSet, MSCI, Goldman Sachs Global Investment Research
- Korea 2026 YTD USD Price Return: 83.7 % (2026 YTD as of 2026-08-13) · Source: Bloomberg, FactSet, MSCI, Goldman Sachs Global Investment Research
Securities
Themes
Regions
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