SINGAPORE — Japan’s markets are set to fall at Friday’s open, after U.S. stocks fell overnight as Treasury yields climbed to highs.

The Nikkei futures contract in Chicago was at 26,955 while its counterpart in Osaka was at 26,920 — lower than the Nikkei 225’s last close at 27,172.

Economic data due out on Friday includes China’s property prices and South Korea’s trade data.

Many markets in the region are closed for the Good Friday holiday, including Australia, Singapore, India and New Zealand.

U.S.-listed Chinese tech stocks dropped overnight after a Bloomberg report said China’s -anti-corruption watchdog was among agencies involved in an investigation into links between Alibaba’s Ant Group and state-owned Chinese firms.

New York-listed Alibaba closed more than 4% lower, while JD.com fell about 3% and Pinduoduo plunged nearly 9%.

Hong Kong markets are also closed for the Good Friday holiday.

U.S. stocks fell Thursday, capping a losing week as investors digested mixed earnings results from major banks and rising inflation.

The S&P 500 fell 1.21% to 4,392.59, while the Nasdaq Composite lost 2.14% to 13,351.08. The Dow Jones Industrial Average lost 113.36 points, or 0.33%, to 34,451.23.

Inflation was in focus this week. U.S. Treasury yields climbed higher as inflation reports showed sharply rising prices, driving expectations of more aggressive Fed tightening. On Thursday, the benchmark 10-year U.S. Treasury yield rose to multiyear highs, climbing 13 basis points to top 2.8%.

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 100.321, regaining its strength to rise back above the 100 mark.

The Japanese yen traded at 126.06 per dollar, continuing to weaken. The Australian dollar continued to fall and was trading at $0.7411.