Asian Equity Market Daily Update: Goldman Sachs Portfolio Strategy - May 28, 2026

Key Takeaways

• 1.The MXAPJ Index rose 1.2% on May 27, led by outperformance in Korea and Taiwan, while China and Hong Kong underperformed.
• 2.Information Technology and Utilities were the leading sectors, while Consumer Discretionary and Energy sectors lagged.
• 3.Asian equity valuations appear expensive relative to bonds, with the equity/bond yield gap standing at around 320bp.

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

Report data

MSCI markets 2025-2026 returns

Reports in this series

Asian Equity Market Daily Update is shown in chronological order through this edition, published on May 28, 2026.

Part of the Asian Equity Market Daily Update series — view all 8 editions

Looking for the latest edition? Asia Pacific Portfolio Strategy Asian equity market daily update(108) (Oct 12, 2026)

1. May 14Asia-Pacific Portfolio Strategy Asian equity market daily update
2. May 18Asia-Pacific Portfolio Strategy Asian equity market daily update
3. May 20Asia-Pacific Portfolio Strategy Asian equity market daily update
4. May 26Asia-Pacific Portfolio Strategy Asian equity market daily update