Asian markets pare losses after hectic trade
Fears over US tech sector weigh on sentiment; STI down for third consecutive session, ending lower by 0.5% or 14.55 points at 3,053.6
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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 suggestion of reduced orders via Apple's supplier reignited worries of growth," said IG market strategist Pan Jingyi.
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