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
74.0¢ |
Change
0.005(0.68%) |
Mkt cap ! $46.07M | |||
| Open | High | Low | Value | Volume |
| 74.0¢ | 74.0¢ | 72.0¢ | $26.56K | 36.47K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 10518 | 72.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 74.0¢ | 6368 | 1 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
73.0¢ |
Change
0.005 ( 0.69 %) |
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| Open | High | Low | Volume | ||
| 73.0¢ | 74.0¢ | 72.0¢ | 22335 | ||
| Last updated 15.59pm 24/05/2024 ? | |||||
| DSK (ASX) Chart |