Investor sentiment about prospects for the Chinese economy weighs heavily on bourses

Chinese mainland stocks on Wednesday declined to their lowest level in two months, amid weak investor sentiment about prospects for the Chinese economy.

The benchmark Shanghai Composite Index fell 1.27 percent to close at 2807.51. It tumbled more than 2 percent during intraday trading, but managed to recoup some of the loss as big-cap financial stocks rallied toward the market close.