Stocks in Asia edged up Monday morning as U.S. Treasury yields bounced higher after plunging last week which sent markets into a panic.

In Japan, the Nikkei 225 rose 0.87% in early trade as shares of convenience store operator FamilyMart surged 5.34%, whie the Topix added 0.62%.

Meanwhile, South Korea’s Kospi advanced 0.36%, while the S&P/ASX 200 in Australia gained 0.86%.

Overall, the MSCI Asia ex-Japan index rose 0.24%.

Market reaction toward a recent unveiling of interest rate reform in China will be watched, when mainland Chinese shares begin trading at 9:30 a.m. HK/SIN.

On Saturday, the People’s Bank of China said it will improve the mechanism used to establish the loan prime rate from this month, allowing it to “use market-based reform methods to help lower real lending rates. ” That comes as Beijing attempts to prop up a slowing economy that has been hit by its ongoing trade war with Washington.

In Hong Kong, shares of airline Cathay Pacific will also be watched, following the resignation of its CEO last Friday “in view of recent events. ” The firm has come under immense political pressure from Beijing following the discovery that two of its pilots were involved in ongoing protests in Hong Kong that have rocked the city for weeks.