Equities in big slide to 2-month low

Concerns grow that real estate bonanza may put more stress on financial system

Chinese mainland stocks tumbled to a two-month low on Monday as investors feared about market liquidity being drained by the country's runaway property market, new share sales as well as the monetary authority's intention to curb financial leverage.

The benchmark Shanghai Composite Index fell by 1.76 percent to 2980.43 points, while the Shenzhen Component Index dropped by 2.05 percent to 10392.7 points. The markets' decline was mainly led by sales of defense, resources, trade and computer-related electronics stocks.