By Lilian Karunungan
March 2 (Bloomberg) — The South Korean won and the Indonesian rupiah led declines in Asian currencies on concern the global recession is worsening, deterring investors from buying emerging-market assets.

By David Yong
March 2 (Bloomberg) — Malaysia’s ringgit fell, extending a two-month slide, on concern the risk of recession will deter investors from buying local assets.

By Kim Kyoungwha
March 2 (Bloomberg) — South Korea’s won weakened for a third day, touching the lowest since 1998, on concern that sliding exports will starve the nation of foreign exchange needed for banks to service overseas debt.

By Ron Harui
March 2 (Bloomberg) — The euro fell to a one-week low against the dollar after European Union leaders rejected calls to back an aid package for eastern Europe, fueling concern the financial crisis will deepen the 16-nation region’s recession.