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Asia Stocks Set for Mixed Open After US Holiday: Markets Wrap

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Asian shares fell along with US equity futures as traders shrugged off a reduction in China’s mortgage reference rate to seek fresh buying catalysts.

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China to Rally on Reopen; Other Stocks Seen Mixed: Markets WrapAsian shares traded flat as earlier optimism that was triggered by positive Chinese holiday data dissipated.
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US Bonds Rebound; China Bets Bolster Asia Stocks: Markets WrapUS bonds rebounded before a record $42 billion sale of 10-year Treasuries after a solid start to this week’s ramped-up issuance sizes. Stocks in Hong Kong were set to rally a second day on bets China will be more forceful to prop up markets.
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