Asian stocks drop as China's stimulus plan fails to meet expectations

Asian stocks declined on Monday, with Hong Kong's Hang Seng index dropping over 2%. This follows China's announcement of a 6 trillion yuan ($839 billion) stimulus plan, which failed to meet investor expectations for significant economic growth. The Shanghai Composite fell 0.4%, while Japan's Nikkei 225 and Australia's S&P/ASX 200 both saw slight declines. South Korea's Kospi dropped 1%. In contrast, U.S. futures rose, and oil prices decreased. China's inflation rate rose 0.3% year-on-year in October, a slowdown from September's 0.4%. U.S. Treasury yields eased slightly, while consumer sentiment in the U.S. reached its highest level in six months.