{"id":71480,"date":"2026-09-06T22:38:24","date_gmt":"2026-09-07T02:38:24","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/goldman-sachs-bullish-on-asia-as-tech-exports-and-regional-tensions-shape-markets\/71480\/"},"modified":"2026-09-06T22:38:24","modified_gmt":"2026-09-07T02:38:24","slug":"goldman-sachs-bullish-on-asia-as-tech-exports-and-regional-tensions-shape-markets","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/goldman-sachs-bullish-on-asia-as-tech-exports-and-regional-tensions-shape-markets\/71480\/","title":{"rendered":"Goldman Sachs Bullish on Asia as Tech Exports and Regional Tensions Shape Markets"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Goldman Sachs (<a href=\"\/stock\/GS\">GS<\/a>) raised its Asia-Pacific ex-Japan index target to 1,120<\/strong>, citing a multi-year semiconductor memory cycle as a primary driver.<\/li>\n<li><strong>South Korean exports to India surged 30.8%<\/strong> in the first eight months of 2026, reaching <strong>$16.8 billion<\/strong> due to explosive demand for AI-related chips.<\/li>\n<li><strong>China\u2019s most-active coking coal contract fell 3.7% to 1,608 yuan<\/strong>, hitting its lowest level since August 28 amid shifting supply-demand dynamics.<\/li>\n<li><strong>Geopolitical instability in Yemen escalated<\/strong> as the national armed forces conducted <strong>13 air strikes<\/strong> against Houthi militia positions across multiple districts.<\/li>\n<li><strong>Natural disaster disruptions hit Indonesian logistics<\/strong>, with Jakarta\u2019s main international airport remaining closed until <strong>6 p.m. local time Monday<\/strong> due to volcanic ash.<\/li>\n<\/ul>\n<p>Goldman Sachs (<a href=\"\/stock\/GS\">GS<\/a>) has officially raised its target for the <strong>MSCI Asia-Pacific ex-Japan index<\/strong>, moving the benchmark projection from <strong>1,080 to 1,120<\/strong>. The investment bank highlighted the <em>durability of the semiconductor memory cycle<\/em>, which analysts expect to last between three and five years, as the &quot;one big reason&quot; for the upward revision. This optimistic outlook is further supported by the divergence of North Asian markets, which continue to pull ahead on the strength of the global <strong>artificial intelligence (AI)<\/strong> trade.<\/p>\n<p>In a related boost for regional tech, South Korea reported a massive <strong>30.8% jump<\/strong> in exports to India for the January-August period. Total shipments reached <strong>$16.8 billion<\/strong>, up from $12.84 billion a year earlier, according to the Korea Trade-Investment Promotion Agency (KOTRA). This surge is almost entirely attributed to the <em>unprecedented demand for high-end memory chips<\/em> produced by industry leaders like Samsung Electronics (<a href=\"\/stock\/SSNLF\">SSNLF<\/a>) and SK Hynix (<a href=\"\/stock\/HXSCL\">HXSCL<\/a>).<\/p>\n<p>Meanwhile, China\u2019s commodities market faced downward pressure as the most-active <strong>coking coal contract<\/strong> on the Dalian Commodity Exchange slid more than <strong>3.7%<\/strong>. The contract reached a low of <strong>1,608 yuan per metric ton<\/strong>, its weakest point in over a week. Market participants noted that while supply remains relatively tight, <em>concerns over steel mill margins<\/em> and potential production adjustments have dampened the recent bullish trend.<\/p>\n<p>Geopolitical risks in the Middle East saw a fresh flare-up as Yemen\u2019s armed forces carried out <strong>13 targeted air strikes<\/strong> against Houthi positions. The strikes hit equipment, gatherings, and a missile launch pad across the Al-Bayda province. These actions follow a period of intensified fighting near the strategic <strong>Bab al-Mandab Strait<\/strong>, a critical corridor for global maritime trade and energy shipments.<\/p>\n<p>In Southeast Asia, travel and logistics have been severely hampered by the eruption of <strong>Mount Anak Krakatau<\/strong>. Indonesia\u2019s <strong>Soekarno-Hatta International Airport (CGK)<\/strong> and seven other regional hubs will remain closed until at least <strong>6 p.m. local time Monday<\/strong>. The closure has already affected over <strong>1,500 flights<\/strong> and stranded approximately <strong>170,000 passengers<\/strong>, as volcanic ash continues to blanket the capital and surrounding provinces.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Goldman Sachs (GS) raised its Asia-Pacific ex-Japan index target to 1,120, citing a multi-year semiconductor memory cycle as 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