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Thai stocks fall 3 pct on concern over king's health

Published 10/15/2009, 12:32 AM
Updated 10/15/2009, 12:33 AM

SINGAPORE, Oct 15 (Reuters) - Thai stocks fell sharply for a second straight day on Thursday in foreign selling on concern over the health of Thailand's King Bhumibol Adulyadej, traders said, despite comments from the palace that his health was good.

The 81-year-old king, the world's longest-reigning monarch and Thailand's single unifying figure, has been in hospital since Sept. 19 after being admitted with fever and fatigue. Thailand's benchmark SET index was down 3.33 percent at 707.12, a more than two-week low, by 0416 GMT. The baht weakened to 33.42 from 33.37 earlier.

On Wednesday, the palace said his condition was "good" but that he needed time to recover from pneumonia and would stay in hospital for "continuous rehabilitation therapies."

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