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My Profile Top News Reuters top ten news stories delivered to your inbox each day. Subscribe You are here: Home > News > International > Article Home Business & Finance News U.S. Politics International Technology Entertainment Sports Lifestyle Oddly Enough Health Science Special Coverage Video Pictures Your View The Great Debate Blogs Weather Reader Feedback Do More With Reuters RSS Widgets Mobile Podcasts Newsletters Your View Make Reuters My Homepage Partner Services CareerBuilder Affiliate Network Professional Products Support (Customer Zone) Reuters Media Financial Products About Thomson Reuters Thousands pray for Thai king as markets recover Fri Oct 16, 2009 10:41am EDT Email | Print | Share | Reprints | Single Page [-] Text [+] By Jason Szep BANGKOK (Reuters) - Thousands arrived in buses to pray outside a Bangkok hospital on Friday for the swift recovery of Thai King Bhumibol Adulyadej, a day after concerns about his health sparked the biggest slide in a year in Thai stock prices. As Thais queued up to sign get-well books at Siriraj Hospital, where the world's longest-reigning monarch has spent the past 27 days, investors returned to Thailand's bourse, lured by bargains in a market that has jumped more than 50 percent this year. Thai stocks ended the day up 3.5 percent. The king's youngest daughter, Princess Chulabhorn, on Friday said his condition was improving and he was not in danger. "He needs to continue staying in hospital, but doctors say there is no danger," the princess told Thai students based in Germany in comments broadcast on Thai television. Her comments were the first by a royal family member since the king was hospitalized on September 19, and follow weeks of opaquely worded updates from the palace. "His condition has greatly improved. What he only needs now is physical therapy to help him walk better, to strengthen his leg muscles," she said. Finance Minister Korn Chatikavanij on Friday urged the public to disregard market rumors and attributed a 7 percent slide in the stock market on Wednesday and Thursday to foreigners cashing in after gains. Prime Minister Abhisit Vejjajiva said the government's Securities and Exchange Commission (SEC) had decided on Friday to pursue legal action against anyone found responsible for rumors that triggered the stocks plunge. Investors remain on edge despite assurances from policymakers and the palace itself that the 81-year-old monarch is on the mend after a bout of pneumonia. Dutch broker ING advised clients on Friday to avoid Thai assets altogether. Strict lese majeste laws in Thailand make comment on royal matters risky. But the king's disappearance from public view has raised concern in largely Buddhist Thailand where many of his subjects regard him as almost divine. UNIFYING FIGURE The health of the king, Thailand's single unifying figure during a long series of military coups and constitutional experiments, is followed closely in financial markets. Bhumibol's son and presumed heir, 57-year-old, foreign-educated Crown Prince Vajiralongkorn, does not yet command his father's popular support, raising concerns about succession in the influential Thai monarchy. A focus on the issue of royal succession would add another element of uncertainty to a polarizing four-year political crisis that has already hurt foreign investment in Southeast Asia's second-biggest economy. In a vivid reminder of that crisis, thousands of red-shirted, anti-government protesters plan to gather in Bangkok on Saturday to demand the government submit a petition seeking a royal pardon for fugitive former Prime Minister Thaksin Shinawatra. Continued... View article on single page Share: Del.icio.us Digg Mixx Yahoo! Facebook LinkedIn Next Article: PREVIEW-Crucial weekend nears for ABN AMRO also on reuters Blog: Dow 10,000: It’s do-over time! Book trade can avoid music labels' mistakes Video Video: Balloon Boy found alive More International News Suicide bomber kills 12 in Pakistan's Peshawar | Video Afghanistan gears up for final election result Zimbabwe's MDC boycotts unity government with Mugabe U.N. rights body endorses Gaza war crimes report Iranian bloggers win major press award More International News... Related News Thai King not in danger, health improving: princess 9:49am EDT Why the Thai king's health can panic markets 7:29am EDT FACTBOX: Thailand's King Bhumibol Adulyadej 8:25am EDT Q+A: Would a Thai crisis destabilize regional markets? 7:34am EDT Editor's Choice Slideshow A selection of our best photos from the past 24 hours. 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Full Article Q+A: What Iran wants from nuclear talks Reuters.com: Help and Contact Us | Advertise With Us | Mobile | Newsletters | RSS | Labs | Journalism Handbook | Archive | Site Index | Video Index Thomson Reuters Corporate: Copyright | Disclaimer | Privacy | Professional Products | Professional Products Support | About Thomson Reuters | Careers International Editions: Africa | Arabic | Argentina | Brazil | Canada | China | France | Germany | India | Italy | Japan | Latin America | Mexico | Russia | Spain | United Kingdom | United States Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. 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