Asian shares perk up as calmer bonds ease jitters

Asian shares perk up as calmer bonds ease jitters

Chinese blue-chips gained 0.58% in early trade while Hong Kong's Hang Seng .HSI advanced 0.9%, helped by steady and robust demand from investors in mainland China for shares in the Asian financial hub.China will begins its annual session of parliament on Friday in Beijing, which is expected to chart a course for economic recovery and unveil a five-year plan to fend off stagnation.  U.S. stocks rallied overnight, with the S&P 500 posting its best day in nearly nine months, as bond markets calmed after a month-long selloff.For now, all eyes will be on Australia's central bank, which holds its monthly policy meeting on Tuesday. Analysts expect the Reserve Bank of Australia to hold key rates at a historic low but focus will shift to commentary about its quantitative easing programme.  "There's everything to like about the rally in EU and U.S. equity markets," said Chris Weston, the head of research at Pepperstone Group Ltd in Australia."Financials outperformed, with 95% of stocks in the S&P 500 gaining on the day," he said, adding that "clearly investors are seeing the world in a new light".U.S. stocks were roiled last week when a sell-off in Treasuries pushed the 10-year Treasury yield to a