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South Korea's Lee is betting $1tn on Gwangju as a future tech hub, per Nikkei Asia.
Nippon Steel plans to spend $3bn modernizing a 90-year-old U.S. steel plant, per Nikkei Asia.
Japan's M&A deals have reached an all-time high on foreign buyers [money#2].
But tightening credit conditions are putting pressure on Asian investments in the US, per Nikkei Asia.
Indonesian stocks continued to plunge as MSCI downgrade fears deepened [money#17].
Asian tech shares plunged after a Chinese chipmaker reported a key advance [money#3].
China is heating up the race to develop solar thermal energy, per Nikkei Asia.
The IMF urged support for poorer nations facing high inflation and war spillovers [money#12].