Malaysia awaits rate decision; recession woes hurt Asian currencies

BENGALURU: Most emerging Asian currencies dropped on Wednesday as turbulence hit-investors shunned riskier assets on renewed recession worries, though Malaysia's ringgit pared losses ahead of a central bank interest rate decision.

The South Korean won fell 0.5% and touched a 13-year low, leading the retreat for the regional currency markets, while the Malaysian ringgit pared some losses to largely trade flat.