Equities dip on property, debt concerns

Plunge marks lowest close in 14 months for Shanghai index

SHANGHAI - Mainland stocks slumped, driving the benchmark index down the most in six weeks, on concern the nation's property curbs and Europe's debt crisis will slow growth in the world's third-largest economy.

The Shanghai Composite Index retreated 108.23, or 4.3 percent, to close at 2427.05, the most since May 17 and the lowest close in 14 months.