By Gina Lee

Investing.com – Asia Pacific stocks were down on Monday morning, with U.S. equivalents also on a downward trend as the technology-heavy entered a correction.

Japan’s fell 1.40% by 9:04 PM ET (2:04 AM GMT), with showing that the grew 0.5% year-on-year, while the grew 0.8% year-on-year, in December. The Bank of Japan also published the

South Korea’s fell 0.75% and in Australia, the rose 1.53%.

Hong Kong’s was 0.33%.

China’s was down 0.27% while the fell 0.79%.

U.S. share prices fell. The Nasdaq 100 contract contracts erased a close 2% rally that occurred Thursday, before closing in the red. It is now down more than 5% from its January peak.

The disappointing outlook of subscribers caused recent company earnings to fall short, which dampened investor sentiment. Peloton Interactive Inc . (NASDAQ): Shares were also in a declining trend due to reports of temporary production halts.

Also adding to investors’ nerves is the prospect of both U.S. Federal Reserve interest rate hikes and the possible reduction of its $8.8 trillion balance sheet.

“A lot of people are talking about inflation and that sort of thing, but their portfolios really don’t reflect it,” Richard Bernstein Advisors LLC chief investment officer Richard Bernstein told Bloomberg.

“That’s the indecision, the uncertainty that you are seeing now.”

Tensions between the U.S. and Russia over Ukraine are still simmering. Washington reportedly allowed some Baltic countries to ship weapons manufactured by the U.S. to Ukraine.

The regulatory crackdown on Chinese tech companies is again in the spotlight, with the country pledging to limit the companies’ influence on governments. But a gauge of Chinese stocks traded in the U.S. was up, with investors betting that the recent interest rate cuts by the People’s Bank of China will give Chinese shares a boost.

U.S. data from Thursday shows that there were 286,000 filed during the week. That’s a three-month record. In January, the number was 22. they were at 6.18million, but decreased 4.6% by December.