Asian Equities Plunge Amid Energy Supply Shock
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 15 2026
0mins
Source: Yahoo Finance
- Market Decline: Asian equities faced a sharp decline this week, with the MSCI Asia Pacific index dropping 2.1% as foreign investors liquidated $15 billion in emerging markets, indicating a significant loss of market confidence.
- Growth Forecast Downgrade: Goldman Sachs has revised down GDP growth forecasts for the Asia-Pacific region by 0.3 to 0.5 percentage points due to surging oil prices and an extended oil export disruption estimate from 10 to 21 days through the Strait of Hormuz, negatively impacting corporate earnings outlook.
- Increased Capital Flight: India and the Philippines, being oil-sensitive economies, saw their markets slide by 5%, prompting Goldman to cut 2026 earnings estimates for the MXAPJ index by 2%, reflecting diminished confidence in these economies.
- Emergency Measures Announced: Authorities in South Korea and Taiwan have implemented emergency stabilization measures in response to market turmoil, with outflows of $7 billion and $5.4 billion respectively, exacerbating market uncertainty.
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Analyst Views on GS
Wall Street analysts forecast GS stock price to rise
12 Analyst Rating
5 Buy
7 Hold
0 Sell
Moderate Buy
Current: 802.890
Low
604.00
Averages
951.45
High
1100
Current: 802.890
Low
604.00
Averages
951.45
High
1100
About GS
The Goldman Sachs Group, Inc. is a global financial institution that delivers a range of financial services to a large and diversified client base that includes corporations, financial institutions, governments and individuals. Its segments include Global Banking & Markets, Asset & Wealth Management and Platform Solutions. The Global Banking & Markets segment offers a range of services, including financing, advisory services, risk distribution, and hedging for its institutional and corporate clients. It facilitates client transactions and makes markets in fixed income, equity, currency and commodity products. The Asset & Wealth Management segment manages assets and offers investment products across all asset classes to a diverse set of clients. It also provides investing and wealth advisory solutions. The Platform Solutions segment includes consumer platforms, such as partnerships offering credit cards and point-of-sale financing, and transaction banking and other platform businesses.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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