Report published September 25, 2026

Goldman Sachs: Asia-Pacific Weekly Kickstart (September 25, 2026)

Goldman Sachs · September 25, 2026

The MSCI AC Asia Pacific ex-Japan index rebounded 1.1% week-to-date led by Korea and Taiwan tech hardware, despite rising oil prices and a spike in US bond yields. The extension of the US-China tariff truce to January 2027 provided macro support, while EM Asia ex-China attracted US$1.4bn in foreign inflows.

Read the full report

Read the remaining 4 pages

View Report Sign in

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.

Key Takeaways

1.MXAPJ rose +1.1% over the week, supported by strong performance in Korea (+4%), Taiwan (+2%), and Thailand (+2%), despite headwinds from higher oil prices and rising long-dated bond yields.
2.The Trump-Xi summit extended the bilateral tariff truce by two months to January 2027, but made no significant breakthroughs on geopolitical issues or AI governance.
3.Tech Hardware & Semiconductors continued to outperform Software & Services, with regional active funds raising Tech exposure while unwinding China Industrials.

Charts of the Week
Charts of the Week: Hedge Fund Positioning (September)
Charts of the Week: Mutual Fund Positioning (August 2026)
Charts of the Week: Korea & Taiwan Leveraged ETFs
Asia Regional Market/Sector Summary & Scorecard
Our Views, Allocations and Trade Ideas
Goldman Sachs Global Macro Forecasts
Upcoming Catalysts and Events
Performance Snapshot: Regions, markets, commodities, FX and rates
Performance Snapshot: Regional sectors, slices, themes factors
Relative Performance of Asia Macro Slices
Relative Performance of Asia Pacific Sectors
Style Monitor: Long/Short Performance of Asia Styles
Leaders & Laggards
Earnings Revisions and Sentiment
Valuations in Context
MSCI market and local index valuations
MXAPJ sector and macro slice valuations
Fund Flows and Liquidity
Equity Risk, Volatility and Correlation
Policy Risk Indicators
Tracking Regional Macroeconomic Indicators
Macro Data Summary

Report data

GS Asia Regional Market/Sector Scorecard (Sep 25, 2026) — as of September 25, 2026.

Metric	Estimate	Context
MSCI AC Asia Pacific ex Japan Return	1.1%	Regional equities gained despite rising bond yields and oil prices.
EM Asia ex-China FII Flows	1.4 US$ bn	Driven by inflows into Taiwan (+US$1.7bn) and India (+US$0.4bn).
Hedge Fund Net Allocation to Asia	30.5%	Represents a 13.2% overweight relative to the MSCI World benchmark.
Korea Leveraged ETF AUM	24 US$ bn	Equivalent to 1.7% of market free float.
Probability of October Fed Rate Hike	70%	Priced in by markets following upside surprises in US S&P PMIs.

Source: MSCI; Bloomberg, Respective Local Stock Exchanges; GS Prime Services; Bloomberg, EPFR; Market-implied pricing. This is a dated model snapshot, not a live forecast.