Global stock markets slump ahead of US debt deal vote

Global stock markets slumped on Wednesday as US debt limit deal faced backlash from hardline Republican and on weakening Chinese economy. US stocks fell as investors awaited a crucial vote in Congress on debt deal. The S&P 500 lost 25.39 points, or 0.60%, at 4,180.13. The Dow Jones Industrial Average fell 131.88 points, or 0.4%, at 32,910.9. The Nasdaq Composite dropped 82.14 points, or 0.63%, at 12,935.29. The labor department reported that US job openings unexpectedly rose in April, pointing to persistent strength in a labor market that suggests pressure on both wages and inflation. The yield on the 10-year…