Why Did Top Win Plunge 11.58%? U.S. Policy Shifts Spark Market Volatility

Top Win's stock price plummeted by 11.58% during pre-market trading on May 19, 2025, reflecting significant market volatility and investor concerns.

The recent downgrade of the U.S. sovereign credit rating by Moody's has had a ripple effect across global markets, including Asian shares and U.S. futures. This downgrade, coupled with the U.S. Treasury Secretary's remarks on trade policies, has created an atmosphere of uncertainty. The U.S. is facing a potential tax rise equivalent to 1.2% of GDP due to increased tariffs, which could impact consumer spending and overall economic stability.

Additionally, the U.S. tax cut package, estimated to add between $3 trillion and $5 trillion to the national debt over a decade, has further exacerbated investor worries. The erratic nature of U.S. policy-making and the potential impact on global trade have contributed to the market's negative sentiment, affecting Top Win's stock performance.