Emerging Markets: Thai baht weaken 0.5%, shares tumble as Covid-19 cases spike; Indian rupee hits 8-month low as virus cases skyrocket

BANGKOK, April 12 (Reuters): India's rupee on Monday plunged below 75 against the US dollar for the first time in eight months amid a rapid increase in second-wave of coronavirus cases, while concerns over rising US bond yields hurt broader emerging Asian markets.

Weighing on the region's markets were expectations of a further rise in US yields on a likely strong reading for US consumer inflation for March, on the heels of a more-than-expected rise in US producer prices.