Asia Centric by Bloomberg Intelligence Goldman Tips Asia To Outpace The US Again In 2026
Dec 17, 2025
Timothy Moe, Chief Asia-Pacific equity strategist at Goldman Sachs, dives into the promising outlook for Asian markets. He highlights how geopolitical tensions are turning into investment opportunities, particularly in technology and manufacturing. Moe believes Asian equities, especially in Korea and India, will outperform the US and Europe through 2026. He predicts significant growth in sectors like semiconductors and shipbuilding, while also addressing the potential pitfalls in AI investments. His insights provide a compelling roadmap for smart investors.
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Goldman Tilts Toward Asia Ex-Japan
- Goldman Sachs is overweight Asia ex-Japan and market weight the US, signaling a tilt to Asia over Europe.
- This reflects conviction that Asian markets can outperform in the coming period.
Geopolitics As Investment Opportunity
- US-China strategic competition creates investment opportunities via US re-industrialization and China's manufacturing upgrade.
- Asian firms in semiconductors, shipbuilding and power can supply both US needs and China's 'new productive forces.'
AI Drives North Asian Market Gains
- North Asia (Taiwan, Korea, Japan, China) has strong measurable AI revenue exposure across many large market caps.
- AI-related stocks explain most of Taiwan's gains and a large share of gains in other North Asian markets.