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
61.5¢ |
Change
-0.035(5.38%) |
Mkt cap ! $38.29M | |||
| Open | High | Low | Value | Volume |
| 65.0¢ | 65.0¢ | 56.0¢ | $519.9K | 855.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9771 | 58.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 62.0¢ | 9333 | 2 |
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| Last trade - 16.10pm 24/06/2024 (20 minute delay) ? |
| DSK (ASX) Chart |