Hong Kong (CNN Business) Asian markets were muted Friday on the eve of Lunar New Year celebrations, signaling caution after a broad sell-off the previous day over growing coronavirus fears.

Hang Seng Index HSI nearly 0.2% Friday during a shortened trading session. Japan's Nikkei 225 N225 Hong Kong's, closed upnearly 0.2% Friday during a shortened trading session. Japan'sclosed up 0.1%.

Chinese markets were closed, and won't reopen until late next week.

The sell-off Thursday was "the most significant pre-[Lunar New Year] stock market rout on record," said Stephen Innes, chief market strategist at AxiTrader, in a note to clients this week.