I don't think its based on US interest rates per say. Its more to do with it being a consumer retail business.
Consumer retail hasn't done well since the new covid wave has hit. I believe the feeling is that people are not going to shops so sales will be down and a worry that things could get worse i.e. more restrictions or people reduce shopping habits even more.
I think US interest rate issue has just created a negative sentiment in the market in general currently or a risk off approach.
Looking at Fridays move in particular, the drop from 2.89 to 2.83 happened after 4.00PM so isn't backed up by volume at this stage.
Why DSK dropping in SP on US rate fears?, page-3
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Last
58.0¢ |
Change
-0.015(2.52%) |
Mkt cap ! $36.11M | |||
| Open | High | Low | Value | Volume |
| 60.0¢ | 60.5¢ | 58.0¢ | $342.5K | 576.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 13335 | 58.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 59.5¢ | 38617 | 2 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| DSK (ASX) Chart |