Covid is hurting Yum China's business; Shares plunge 4. 3% in Hong Kong

Several waves of outbreaks of the Delta variant persisted throughout the fourth quarter of 2021 in mainland China, hurting Yum China's business, the company said today in its latest earnings report. Originally from Yum! and operating as an independent company since 2016, Yum China is China's largest restaurant chain with more than 11,000 places to eat across the country as of December. Yum China's inventories traded in Hong Kong fell 4. 3% at midday to HK$342. 60, and were on track to achieve their lowest close from a secondary board there in September 2020 to HK$412 in line with the…