HONG KONG — Asian stocks continued to sag Friday, sending Tokyo's index to its eighth straight loss, as uncertainty about company earnings weighed on expectations of a faster turnaround in the world economy. European markets opened lower.

The back-and-forth trade in Asia wrapped up a lackluster week that saw the region's major benchmarks pull back amid concerns the recent rally had overestimated the speed and scale of any rebound in global growth. Oil prices fell below $60 a barrel.

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