A wave of risk aversion has swept through global equity markets as investors adopt a defensive posture ahead of the Federal Reserve's critical policy announcement. Wall Street faltered in the preceding sessions, and the pessimistic sentiment has rapidly cascaded across the Asia-Pacific region.

This synchronized global pullback underscores the profound uncertainty surrounding monetary policy normalization. Traders are actively de-risking their portfolios, rotating out of high-beta technology stocks and into defensive sectors and cash equivalents. The market is effectively pressing the pause button, unwilling to make significant directional bets until the Fed provides absolute clarity on its economic projections.