South African stocks spiralled down to the lowest levels in six weeks on Monday, hit by a global rout in stocks and tumbling metals prices.
After a one-day respite on Friday when stocks bounced, the bourse got pummelled again on Monday on worries about growth in China and the United States.
"This is just across the board selling. It is not a stock specific story, this is a global equities story. Guys are just like rabbits in the headlights at the moment," Tubby Goodwin at Investec Securities said.
The JSE Top-40 blue chip index slid 2.5 percent to 22,416.21 points, the lowest since January 19, while the broader All-Share index shed 2.51 percent to 24,919.46 points.
The Top-40, which had gained 7.6 percent since the start of the year before the slide began last Tuesday, is now down 0.8 percent.
Read more at Reuters South Africa
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