While this situation is dire for the region, I doubt it will have that much effect on global markets including the ASX. It won't have the significance that the Ukraine war has had for example.
Investors are a bit immune at times- maybe insensitive - when they can't see any real impediment to the economy. Seems that the main players in the region (Egypt and Saudi Arabia) don't want the situation to elevate into a regional conflict an that could mean a quick resolution.
Does not diminish the crap that is going on over there though.
IMU will be more influenced by the market inputs such as what we have expected to happen - US political/economic fluctuations, any announcements from IMU and maybe the continued interest from shorting positions.
Why IMU is a multi multi bagger, page-16917
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Last
4.8¢ |
Change
-0.001(2.04%) |
Mkt cap ! $364.4M | |||
| Open | High | Low | Value | Volume |
| 4.9¢ | 4.9¢ | 4.8¢ | $131.1K | 2.693M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 29 | 2585093 | 4.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.9¢ | 2849765 | 25 |
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| Last trade - 12.29pm 01/10/2024 (20 minute delay) ? |
| IMU (ASX) Chart |