The JSE traded down in the early morning, but seemed to recover somewhat, when the US markets opened and the JSE turned down again.
The JSE finally closed at minus 1,38 percent.
The Nasdaq Composite index immediately fell more than 1 percent to to its lowest level in two years, with tech shares being hit the hardest, especially semiconductor stocks such as Nividia and AMD.
The S&P 500 showed the same negative trend where Apple and Microsoft helped drag the index down.
The slump in semiconductor stocks was a result of the export controls announced by president Biden earlier today, which aim to limit US companies selling advanced semiconductors to China.
In the currency markets, the dollar continues to strengthen and was at 5 pm trading 1% stronger against the rand at R18.14/$.
On the commodity front, brent crude is currently trading at $97.35 a barrel, down somewhat after having risen several days in a row.
Gold is also down, by 1,65% to 1 667.3.
