SYDNEY (Reuters) – Australian Prime Minister Scott Morrison said he had conceded defeat in a national election on Saturday, saying that while vote counting was incomplete the opposition Labor party looked likely to form a government. “Tonight I have spoken to the Leader of the Opposition and the incoming Prime Minister, Anthony Albanese, and I’ve congratulated him on his election victory this evening,” Morrison said at a televised speech in Sydney. Morrison added that he would stand down as leader of the Liberal party. The capitulation ends eight years and nine months in power for Morrison’s c…