Asian markets pare losses after hectic trade

ASIAN markets pared losses at Tuesday's closing bell, after tracking a frantic selloff precipitated by signs that Apple's iPhone may be seeing softer demand.

Apple's share price tumbled on Monday after optical equipment maker Lumentum Holdings said one of its "largest" clients had cut its orders for "laser diodes for 3D sensing", which market watchers widely considered to be Apple.

"Despite the sustained climb in Apple's handset's average selling price, as seen via their Q4 reporting, the latest …