Stock markets slump as Trump lashes out at China

LONDON, July 30 (AFP) - Stock markets on both sides of the Atlantic fell on Tuesday after US President Donald Trump lashed out at Beijing just as trade talks resumed, dealers said.

The British pound, meanwhile, continued its slide to fresh two-year lows as more investors were betting on a no-deal Brexit.

Trump ripped into China after US negotiators arrived in Shanghai to resurrect talks aimed at ending a year-long trade war between the world's two top economies.

"My team is negotiating with them now, but they always change the deal in the end to their benefit," Trump tweeted.

Investors reacted by pulling out of equities in anticipation of worse to come.

"President Trump sends equity markets reeling, yet again," said Stephen Innes, at SPI Asset Management.