Goldman Sachs lowers the target price for Asian stock markets, saying that the impact of the oil price shock has largely been absorbed by the market.

Goldman Sachs strategists stated that the recent decline in Asian stock markets has already reflected most of the impact of the oil shock, although they have downgraded their 12-month target for the MSCI Asia Pacific Index. "Regional indices have fallen close to the expected impact of oil price shocks, indicating that the market has already priced in most factors of the current macroeconomic environment," said the Goldman Sachs strategists. They have lowered their target for the MSCI Asia Pacific Index from 900 points to 870 points, implying a return rate of 15% from Wednesday's closing price. The Goldman Sachs strategists have also lowered their earnings growth forecast for the index in 2026 by 1 percentage point to 29%; the current consensus expectation is 35%. They maintain an overweight rating on North Asian stock markets, downgrade their rating on Indian stock markets to neutral, and downgrade their rating on Philippine stock markets to underweight.