• Star Fashion Culture Holdings Limited (NASDAQ:STFS) saw its price plummet by over 80% to $2.65.
• Hepion Pharmaceuticals, Inc. (NASDAQ:HEPA) experienced a 58.67% drop in its stock price to $0.133.
• Global Gas Corporation (NASDAQ:HGAS) and others faced significant declines, highlighting diverse industry risks.

In the recent market downturn, several companies have experienced significant price declines, with Star Fashion Culture Holdings Limited (NASDAQ:STFS), Hepion Pharmaceuticals, Inc. (NASDAQ:HEPA), Nexalin Technology, Inc. (NASDAQ:NXLIW), Horizon Space Acquisition I Corp. (NASDAQ:HSPOR), and Global Gas Corporation (NASDAQ:HGAS) leading the list of top losers. These companies' significant price movements reflect a range of industry-specific challenges and broader market trends affecting investor confidence.

Star Fashion Culture Holdings Limited (STFS) saw its price plummet by over 80% to $2.65, a drastic fall from its year-high of $17.91. Despite successfully closing its initial public offering and raising approximately $8.6 million, the company faces a significant volume of 29,372,550, indicating investor disinterest or panic selling. The shares began trading on the NASDAQ Capital Market on October 11, 2024, at $4.00 per share.

Hepion Pharmaceuticals, Inc. (HEPA) experienced a 58.67% drop in its stock price to $0.133 amidst a trading volume of 25,574,389. The termination of its merger agreement with Pharma Two B Ltd., initially entered into on July 19, 2024, may have contributed to this decline. Despite its focus on developing treatments for chronic liver diseases, the company has not been shielded from market volatility.

Nexalin Technology, Inc. (NXLIW) saw its price decrease by 42.36% to $0.1902. The company, which designs neurostimulation products for mental health treatment, has been focusing on expanding its product offerings, including a device for anxiety and insomnia treatment. However, the low trading volume suggests limited investor interest in its recent developments.

Global Gas Corporation (HGAS) saw its stock price decrease by 39.88% to $0.18. Despite its niche focus on hydrogen development and carbon recovery projects, the company has not been insulated from the broader market downturn. As highlighted by NASDAQ, Global Gas and Inno Holdings are considered potentially undervalued stocks, presenting an opportunity for investors looking to bolster their portfolios.

These companies' price declines underscore the diverse risks present in today's financial markets, from healthcare and biotechnology to environmental projects and shell company investments. Investors and analysts will be closely watching these companies for signs of recovery or further decline as they navigate the challenges ahead.