Assa Abloy's profit falls as coronavirus impact spreads beyond Asia

STOCKHOLM (Reuters) - Swedish lockmaker Assa Abloy's profit fell steeply in the first quarter as the fallout from the new coronavirus hit its Asian business hard and began to dent profitability elsewhere.The world's biggest lockmaker said late on Tuesday its business in Asia, China in particular, suffered throughout the quarter and organic sales at the Asia Pacific division were down 34%. Elsewhere, production was affected by supply chain disruptions from February followed by country..