Beijing- Mainland China's stock markets plummeted Monday by more than 6 per cent to their lowest levels in more than two years over global recession fears.

The Shanghai Composite Index dropped 116.27 points, or 6.32 per cent, to close at 1,723.35. The Shenzhen Component Index plunged 424.14 points, or 6.89 per cent to close at 5,734.81.

Investors fled the market over fears that corporate profits would be weakened by the slowing economy with commodities and technology companies as well as banks leading the downwards slide. (dpa)