The FTSE 100 extended early losses to close about 0.9% lower at 9,427 on Friday, pulling away further from its record high of 9,549 on October 8, as losses in heavyweight miners and industrials outweighed gains in consumer stocks. Meanwhile, markets were affected by renewed trade tensions between the US and China. US President Donald Trump said today that there "appears to be no reason" to meet with Chinese leader Xi Jinping in two weeks and threatened to impose a "massive increase" in tariffs on Chinese goods. Trump responds to China’s rare earth export curbs, essential for US industry. Among stocks, Entain was the top loser, shedding roughly 4%, followed by Mondi (-3.5%), Glencore (-3.2%) and Rightmove (-3.1%). Shell and BP also faced significant declines following a sharp decline in oil prices. On the upside, Admiral Group (+1.7%), Imperial Brands (+1.6%) and Unilever (+1.5%) posted the biggest gains. For the week, the index shed about 0.7%.