The UK's FTSE 100 index fell on Friday as trade tensions hit property and mining stocks hard.

The UK FTSE 100 index fell on Friday, mainly due to the escalating global trade tensions ahead of the final deadline for tariffs on July 9th. President Trump announced unilateral tariffs ranging from 10% to 70% on trading partners starting from August 1st. The real estate sector led the decline, with MJ Gleeson issuing its second profit warning within a month due to weak demand, stagnant prices, and planning delays. Stocks of Barratt Redrow, Berkeley, Persimmon, and Taylor Wimpey fell by between 1.5% and 2.5%. Mining stocks Antofagasta, Anglo American, and Glencore were dragged down by a drop in copper prices.