Goldman Sachs
June 15, 2026
Asian Equity Market Daily Update
Daily UpdateEquitiesInformation TechnologyIndustrials
The MXAPJ Index rose 2.7% on June 15, 2026, led by Info Tech and Industrials. Despite recent performance, regional valuations remain stretched relative to bond yields.
Key Takeaways
- 1.The MXAPJ Index rose 2.7% on June 15, 2026, with Philippines and Indonesia markets outperforming.
- 2.Equity/bond yield gaps in both MXAPJ (330bp) and MXJP (140bp) indicate expensive equity valuations relative to bonds.
- 3.Info Tech and Industrials are leading the MXAPJ sectoral performance for the year 2026.
Table of Contents
- 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 Index
Themes
Expensive valuation relative to bond yieldsAIGC and Semiconductor performance
Regions
Asia PacificPhilippinesIndonesiaThailand