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
72.0¢ |
Change
-0.020(2.70%) |
Mkt cap ! $44.83M | |||
| Open | High | Low | Value | Volume |
| 72.0¢ | 74.0¢ | 71.0¢ | $61.73K | 85.54K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | 71.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 71.5¢ | 5000 | 1 |
View Market Depth
| Last trade - 15.38pm 27/05/2024 (20 minute delay) ? |
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Last
72.0¢ |
Change
-0.020 ( 1.37 %) |
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| Open | High | Low | Volume | ||
| 74.0¢ | 75.0¢ | 71.0¢ | 9265 | ||
| Last updated 15.37pm 27/05/2024 ? | |||||
| DSK (ASX) Chart |