Overview: The recovery of US shares yesterday signaled today's fragile stability. Gains in Japan, Australia, and Taiwan blunted the losses elsewhere in the region, including a 1% slide in Hong Kong. The MSCI Asia Pacific Index fell for the third week. China's markets have been closed since Monday and will re-open Monday and may play some catch-up. Europe's Dow Jones Stoxx 600 is extending yesterday's recovery. Although the week's losses have been pared, the 3.3% drop would still be among the largest of the year. US shares are trading softer in Europe, unable to