Mainland stocks fall to lowest in two weeks

SHANGHAI - Mainland stocks fell to the lowest in two weeks on Thursday and the yuan weakened on concern the slowdown in the United States and Chinese economies will derail the global recovery.

"There's uncertainty over the global and the domestic recoveries," said Wu Kan, a Shanghai-based fund manager at Dazhong Insurance Co, which oversees $285 million. "The correction in the market isn't over yet and the index may drop to a lower level on weaker sentiment."

The Shanghai Composite Index lost 32.02, or 1.2 percent, to 2575.48, the lowest since July 27. The CSI 300 Index fell 1.2 percent to 2816.39.China's economic growth is slowing and inflation is accelerating, reports said this week.