Can someone explain to me the link between DSK and US interest rate fears?
I understand for tech stocks people want to get out as when interest rates go up, people are incentivised to put their money in bank savings accounts rather than in over-valued stocks (e.g. tech stocks)and also interest rates affect stock 'discount rate'.
But why is DSK dropping big %s off these fears (e.g. 5% drop today)?
Is DSK viewed by the instos as a riskier stock bet than some other categories of stocks?
Why DSK dropping in SP on US rate fears?
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Last
78.0¢ |
Change
0.025(3.31%) |
Mkt cap ! $48.56M | |||
| Open | High | Low | Value | Volume |
| 76.0¢ | 78.0¢ | 75.5¢ | $62.02K | 81.02K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 39181 | 75.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 78.0¢ | 2396 | 1 |
View Market Depth
| Last trade - 16.10pm 13/05/2024 (20 minute delay) ? |
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Last
77.5¢ |
Change
0.025 ( 1.95 %) |
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| Open | High | Low | Volume | ||
| 76.0¢ | 77.5¢ | 75.5¢ | 45570 | ||
| Last updated 15.50pm 13/05/2024 ? | |||||
| DSK (ASX) Chart |