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Emerging markets stock digest: Kaioom continues to decline significantly, ZUU hits the daily limit up.
<9214> Recovery 1406 +5 consolidation. Latch inc announced that it has signed a basic agreement on revival support for clutch communication and paid job introduction business, starting high but turning lower due to selling pressure. Clutch inc decided to withdraw from the business consulting business for the fiscal year ending November 2024, resulting in a significant cost burden, making it difficult to continue operations independently, and today, it has filed for civil rehabilitation proceedings. The company
Recovery---Following a fierce competition, a basic agreement was signed regarding clutch communication and business revitalization support.
Amidst market fluctuations, it was announced that a basic agreement regarding support for the revival of clutch communication and fee-based employment introduction business has been concluded, which began high but has turned lower due to selling pressure. Clutch has decided to withdraw from its business consulting operations for the 2024 November period, and as a result of incurring significant costs, the situation has become difficult to continue operations independently, leading to today's application for civil rehabilitation proceedings. The company will support Clutch's financial management while looking for a sponsor.
Next Gen, CINC, and others
<3624> Accel M expects to record about 0.009 billion yen in gains on the sale of cryptographic assets as non-operating income. <3842> NextGen will conduct an off-floor distribution of 0.1 million shares. <4378> CINC upwardly revises its forecast for operating profit in the previous period by 0.062 billion yen, down from 0.055 billion yen. <4387> ACN Holdings partners with ZUU Office Solution, among others, for capital business transactions. <7093> Addish issues the first unsecured convertible bond type bonds with subscription rights for new shares (potential number of shares 0.179210 million, raising approximately 1 billion yen).
Recovery International: Presentation of financial results for the 3rd quarter of the fiscal year ending 2024/12
Recovery International: Summary of financial results for the 3rd quarter of the fiscal year ending 2024/12 [Japanese GAAP] (unconsolidated)
The market is weak and dominated by selling on rebounds, but the downside is showing resilience.
[Emerging markets individual stock strategy] A sluggish trend is expected in today's emerging markets. On the 14th, in the US stock market, the Dow Jones average continued to rise to 40,008.39, up 242.75 dollars (+0.61%). Buying was expected to decrease due to confirmed inflation slowdown in the July Consumer Price Index (CPI), causing expectations of a rate cut. Additionally, the retreat of pessimistic views on the economy supported stock prices. Today's emerging markets are likely to be dominated by selling. The Tokyo Stock Exchange Growth Market Index was at 6 until yesterday.