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The Latest: Palace says Thailand's king has died

  • Thais hold portraits of Thai King Bhumibol Adulyadej at Siriraj Hospital where the king is being treated in  Bangkok, Thailand, Thursday, Oct. 13, 2016.  Thais chanted prayers Wednesday as the country's stock market and currency tumbled and the prime minister canceled an overseas trip amid concerns about long-ailing King Adulyadej's health. (AP Photo/Sakchai Lalit)

    Thais hold portraits of Thai King Bhumibol Adulyadej at Siriraj Hospital where the king is being treated in Bangkok, Thailand, Thursday, Oct. 13, 2016. Thais chanted prayers Wednesday as the country's stock market and currency tumbled and the prime minister canceled an overseas trip amid concerns about long-ailing King Adulyadej's health. (AP Photo/Sakchai Lalit)  (The Associated Press)

  • Thais cry as they pray for Thailand's King Bhumibol Adulyadej at Siriraj Hospital where the king is being treated in  Bangkok, Thailand, Thursday, Oct. 13, 2016. The royal palace said in a statement late Wednesday that the 88-year-old king's blood pressure had dropped, his liver and kidneys were not working properly and he remained on a ventilator. (AP Photo/Sakchai Lalit)

    Thais cry as they pray for Thailand's King Bhumibol Adulyadej at Siriraj Hospital where the king is being treated in Bangkok, Thailand, Thursday, Oct. 13, 2016. The royal palace said in a statement late Wednesday that the 88-year-old king's blood pressure had dropped, his liver and kidneys were not working properly and he remained on a ventilator. (AP Photo/Sakchai Lalit)  (The Associated Press)

  • Thais cry outside Siriraj Hospital where King Bhumibol Adulyadej was treated in Bangkok, Thailand, Thursday, Oct. 13, 2016. Thailand's Royal Palace said King Bhumibol, the world's longest-reigning monarch, has died at age 88. (AP Photo/Sakchai Lalit)

    Thais cry outside Siriraj Hospital where King Bhumibol Adulyadej was treated in Bangkok, Thailand, Thursday, Oct. 13, 2016. Thailand's Royal Palace said King Bhumibol, the world's longest-reigning monarch, has died at age 88. (AP Photo/Sakchai Lalit)  (The Associated Press)

The Latest on the death of Thailand's King Bhumibol, the world's longest-reigning monarch, (all times local):

7 p.m.

Thailand's Royal Palace says King Bhumibol, the world's longest-reigning monarch, has died at age 88.

The palace said the king passed away peacefully on Thursday at Bangkok's Siriraj Hospital.

"Even though the board of doctors has closely monitored and treated him to the best of its abilities, the king's condition never improved but deteriorated until Thursday," it said in a statement issued about three hours later.

TV stations announcers wore black clothes as they discussed his passing. The brief announcement mentioned his 70-year-reign and noted that he passed away peacefully.