Goldman Sachs expects Asia ex-Japan equity market returns to reach 19% in 2027

Goldman Sachs Group expects that despite uncertainty in the artificial intelligence sector potentially exacerbating market volatility, corporate earnings growth will still drive the MSCI Asia ex-Japan Index to deliver a 19% return in US dollar terms next year. The bank upgraded its ratings on Chinese H-shares and Indian equities to "overweight," while maintaining its "overweight" view on South Korean and Japanese equities.