India, July 17 -- After a weak start and a subsequent smart recovery, the UK stock market retreated and slipped into negative territory Friday morning, weighed down by losses in mining and financials sectors.
Worries about escalating tensions in the Middle East and a lack of positive triggers rendered the mood cautious.
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Weakness in global tech stocks due to AI-driven jitters hurt as well.
Oil prices moved up sharply as Tehran launched strikes against several countries across the Gulf and wider region following a fresh wave of strikes by the U.S. against Iran amidst a row over control of the Strait of Hormuz.
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