Wayne McCurrie from FNB Wealth & Investments and David Shapiro from Sasfin Securities both chose cash as their stock picks of the day.

McCurrie said: "Sitting cash, waiting to buy. If the US tech shares and all the good companies come down 10 or 15% we're going to be buying.

Shapiro said: "You have to look East, I'm with Wayne on cash but I was quite pleasantly surprised at the way that China has been responding."