Top Win's Stock Plunges 29.5% Amid Tariff Impact

On April 3, 2025, Top Win's stock price plummeted by 29.5% in pre-market trading, marking a significant downturn for the luxury watch importer.

Top Win International Ltd, a Hong Kong-based luxury watch importer, made a dramatic U.S. market debut on Wednesday, soaring nearly 90% on the Nasdaq before facing a sharp decline. The company's initial success was overshadowed by the impact of Trump's tariffs, which significantly affected its market performance.

The company's stock price experienced a dramatic fluctuation due to the 'pump and dump' strategy, where retail investors attempted to capitalize on the initial surge. However, the subsequent drop in stock price indicates the challenges faced by the company in navigating the volatile market conditions.