Regarding the widespread phenomenon of sharp declines in individual stocks in the current stock market, my views are as follows:

First, this phenomenon does reflect the severe challenges and uncertainties facing the market in the near future.

The relatively stable performance of heavyweight stocks is in sharp contrast to the deep decline of the majority of small and medium-sized stocks, highlighting the complexity of the market structure and the current situation of intensified differentiation.

This differentiation not only tests investors' patience and confidence, but also requires investors to have more acute market insight and risk management capabilities.

Secondly, the sharp decline of individual stocks to less than 30% of the previous high or even halved is undoubtedly a heavy blow to investors.

This means that the wealth of many investors in the stock market has shrunk significantly, and the road to recovery has become extremely difficult.

However, this is also an inevitable process of market self-adjustment and survival of the fittest. In such an environment, investors who can persist often have stronger psychological tolerance and more reasonable investment strategies.

Furthermore, in the face of the general decline in the market, investors need to remain calm and rational. Although the decline of individual stocks is huge, we must also see the opportunities contained therein.

At the bottom of the market, it is often the moment when the value of high-quality assets is highlighted. Investors can find stocks with long-term growth potential and undervalued by the market through in-depth research and analysis.

Finally, for investors who already hold positions, they need to formulate reasonable response strategies based on their risk tolerance and investment goals.

If the fundamentals of the stocks held are good and they just fall due to market sentiment, then you can consider adding positions appropriately or holding them and waiting for the market to pick up.

If the fundamentals of the stocks held deteriorate or there are major risks, you need to stop losses in time to avoid greater losses.

In short, the current general decline in the stock market is part of the market adjustment. Investors need to remain calm and rational, actively respond to market changes, look for opportunities and avoid risks.