Asia Stocks Set for Mixed Session on Fed, Holiday: Markets WrapMore

(Bloomberg) — Asian stocks looked set for a muted session in holiday-hit trading as investors mulled new measures from the Federal Reserve to cushion the fallout from the coronavirus. U.S. shares closed higher.

Futures in Japan were little changed with Australia, Hong Kong, India, and Singapore among markets closed for holidays. U.S. stocks capped their biggest weekly gain since 1974 as investors looked past staggering jobless numbers to another series of sweeping steps from the Fed to provide as much as $2.3 trillion in additional aid. Meanwhile, Anthony Fauci, director of the U.S. National Institute of Allergy and Infectious Diseases, said U.S. fatalities from Covid-19 may be far fewer than earlier projections. Treasury yields