Protests rage across Hong Kong after man shot by police
Protesters are distributing flyers over social media calling for another round of demonstrations Tuesday morning.
One poster calls for protesters to come out at 6:30 a.m. local time to disrupt transit.
“Remember to wake up earlier if you really like going to work,” one of the posters reads.
Protesters began disrupting subway lines and other transit routes this morning as early as 7 a.m. local time, as part of their day-long general strike.
Several subway lines experienced minor to severe delays, with some stations closed and routes partially suspended.
Investors dumped Hong Kong stocks after demonstrators targeted public transportation in Asia's top financial hub and police shot a protester, a daylight escalation of violence that comes after five months of unrest.
The Hang Seng Index dropped more than 2.6% on Monday, its worst single-day percentage decline since the beginning of August. The city's real estate stocks were hit particularly hard, with big property developers like Swire Pacific, Wharf Real Estate, Sun Hung Kai Properties and New World Development all dropping more than 4%.
Why investors are worried: Widespread protests blocked roadways and several subway lines experienced delays. A police officer shot a 21-year-old protester. Elsewhere in the city, a man who confronted a group of protesters was set on fire.
More trouble ahead: The disruption caused by months of pro-democracy protests have slammed luxury retailers, property developers and the tourism industry and plunged Hong Kong into its first recession in a decade. Yet there's no sign that protesters or government officials in Hong Kong or Beijing are preparing to back down.
The country's biggest e-commerce company topped last year's record in 16 1/2 hours. While the event regularly racks up bigger sales than Black Friday and Cyber Monday combined, total spending across the industry will take a while to tabulate.
It's coming up to 7 p.m. local time (6 a.m. ET) and protests have been ongoing in Hong Kong for about 12 hours.
Demonstrators, dressed in black with many wearing face and gas masks, continue to gather in large numbers in districts across Hong Kong Island and Kowloon.
Tear gas has been deployed in Causeway Bay where riot police appear to be conducting a clearance operation.
Large crowds continue to gather in Mong Kok, a busy shopping district in Kowloon that has often been at the center of protests over the past 23 weeks.
Hong Kong Chief Executive Carrie Lam said she was "sad and concerned" over the death of 22-year-old Chow Tsz-lok, who passed away Friday after being hospitalized following a fall in a parking garage near a protest.
"I fully support the investigation of the case and police shall provide full support. However, I'd like to reiterate that everyone should be mindful of their own safety, which can then avoid any more tragedy," Lam said.
Chow's death has sparked fury among anti-government protesters, with many accusing police of bearing responsibility for the fall and in delaying ambulance access, charges the force denies.
Hong Kong Chief Executive Carrie Lam has responded to accusations that the Independent Police Complaints Council (IPCC) was not sufficiently equipped to investigate police misconduct.
At a press conference Monday following a day of violent protests, Lam said, "I strongly urge we should give the IPCC the time and space to look at areas they have identified."
"These voices are for the counsel and IPCC to consider and not for me to comment," Lam said."
"I should point out that what the IPCC is undertaking is a very difficult and complex exercise. I have confidence the IPCC will spare no effort," Lam said.
International experts call for inquiry: Over the weekend, a group of overseas experts appointed by the city government said the IPCC did not have the necessary “powers, capacity, and independent investigative capability to match the scale of events."
The experts said in a statement that a more comprehensive inquiry would be needed to establish a representative body of evidence. Protesters have been calling for an inquiry for months -- but city leaders said the IPCC was sufficient.
In response to the experts' statement, the IPCC said it was “disappointed” that they did not consult with the council before making it public, and the Hong Kong government said that the IPCC’s study was “by no means a final report.”
Speaking to the press Monday afternoon, Hong Kong's Chief Executive Carrie Lam said that the government would not yield to protesters demands.
"If there is any wishful thinking that by escalating violence the (Hong Kong) government will yield to pressure to satisfy protesters' so-called demands, I'm making this clear that will not happen," she said.
Lam added that violence would not offer any solutions "to the problems facing Hong Kong."
"We will spare no effort in finding ways and means that could end the violence in Hong Kong as soon as possible," the city's leader said.
Lam warned members of the public to stay away from areas where "unlawful activities" were taking place.
On Monday, video footage and images from the ground showed people -- many office workers without masks or other protective gear -- coughing and doubled over, with some rushing into a subway station to escape the tear gas.
Hong Kong's Chief Executive Carrie Lam condemned the violent scenes across Hong Kong today in a press conference, saying the escalating unrest was bringing Hong Kong "to the brink of no return."
"We are questioning if we can live in this city safely," Lam said.
The ominous message comes after a day of protests around the city, which escalated after police shot a 21-year-old protester with a live round. The protester is currently in hospital in critical condition.
Another person is in critical condition after protesters doused him in a flammable liquid and set him alight.
Lam said the latter incident was "horrific."
"This is a blatant breach of peace and rule of law and totally inhumane act that nobody should condone," she said.
Lam said that in total 60 people have been injured through the course of the day Monday.
Hong Kong stocks suffered their worst day in more than three months on Monday as long-running protests in the city saw escalating levels of violence.
The Hang Seng Index dropped more than 2.6%, its worst single-day percentage decline since the beginning of August, according to Refinitiv data.
Monday's fall wiped out the Hang Seng's gains posted last week, when optimism over the prospects of a US-China trade deal lifted Asian markets.
The city's real estate stocks were hit particularly hard, with big property developers like Swire Pacific, Wharf Real Estate, Sun Hung Kai Properties and New World Development all dropping more than 4%.
While Hong Kong led losses in the region, other major Asian markets were all down Monday as investors also tried to make sense of the muddled state of US-China trade relations.
Protests erupted in several districts across Hong Kong Monday, as public anger mounted after the police shooting of a protester early in the morning in eastern Sai Wan Ho district.
Police fired tear gas at protesters, who set fires, built barricades, dug up bricks from streets, and caused widespread transit disruptions.
Huge crowds marched through Central district, the city's financial center, where police fired tear gas. Video footage and images from the ground shows people -- many office workers without masks or other protective gear -- coughing and doubled over, with some rushing into a subway station to escape the tear gas.
At a press conference Friday afternoon, police said they arrested 266 people between the ages of 11 and 74 years old.
Police also said that protesters had vandalized or blocked roads at 120 locations across the city.