Stock markets in Asia fell, tracking steep selloffs in U.S. and European markets, on growing concerns about the potential economic costs of the coronavirus epidemic.

By late Wednesday morning in Singapore, most regional indexes were lower. Japan’s Nikkei 225 had fallen 1.9%, reaching its lowest levels since October, while Australia’s S&P/ASX 200 had shed 2.2% and Korea’s Kospi retreated 1.2%.

“The…

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