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Thursday, 20 August 2026 Reading Room
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World

UK ambassador Steven Hitchin visits International Falcon Breeders Auction near Riyadh

UK Ambassador to Saudi Arabia, Steven Hitchin, toured the 2026 International Falcon Breeders Auction organized by the National Center for Falcons in Malham.

english.ajel.sa ·

UK ambassador Steven Hitchin visits International Falcon Breeders Auction near Riyadh

We haven't written up this one. Ajel English has the full story — the link below goes straight to it.

Read the original at english.ajel.sa →

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The net external financial assets of the nation decreased by nearly $700 billion. This decrease is attributed to the stock market boom in the second quarter. According to the Bank of Korea on July 7, the net external financial assets, also referred to as ‘pure external financial assets,’ totaled $649.1 billion as of the end of June. This represents a decrease of $677.1 billion from the end of March. The term ‘net external financial assets’ refers to the difference between external financial assets and external financial liabilities. It is calculated by subtracting the total amount of money that the nation owes to foreigners, such as foreign exchange reserves, from the total amount of money that foreigners owe to the nation, including direct and indirect investments. At the end of June, external financial assets amounted to $1.98 trillion, a decrease of $350.8 billion from the end of March. External financial liabilities also decreased by $326.3 billion to $1.33 trillion during the same period. The decrease in external financial assets was mainly due to a $476.6 billion decrease in portfolio investment, which includes stock and bond investments. The decline in the stock market, as represented by the KOSPI, which fell by 12.2% from 2,754.18 at the end of March to 2,415.38 at the end of June, affected this decrease. In contrast, direct investment increased by $89.7 billion. The decrease in external financial liabilities was driven by a $364.7 billion decrease in direct investment. The won-dollar exchange rate, which averaged 1,250.1 won per dollar in the second quarter, was 6.9 won lower than the average of 1,256.0 won per dollar in the first quarter. The Bank of Korea stated that "the decrease in net external financial assets is due to the decline in stock prices and the appreciation of the dollar."

·hani.co.kr

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