UPDATE 1-Thai king's condition improving - palace official

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BANGKOK, Oct 15 (Reuters) - The health of Thailand's kingis improving but he needs time-consuming physical therapy, apalace official said on Thursday after concerns over his healthsparked a second day of foreign selling in Thailand 's financialmarkets. "His Majesty's condition is improving and he does not needfurther medical treatment other than physical therapy which maytake a long time ," said the official in the Bureau of the RoyalHousehold, who declined to be identified by name.

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