Protests rage across Hong Kong after man shot by police

Sporadic protests look like they could continue into the night in Hong Kong, but there are fewer people out on the streets and riot police have conducted clearance operations in several districts.

As we wrap up our coverage for the evening -- barring any major surprise developments -- here's what you need to know:

Live feeds from the scene in Mong Kok, where small numbers of protesters are engaged in a stand off with police, show bricks and other debris covering the streets near the Langham Place shopping mall.

Police earlier deployed a water cannon in Mong Kok, and protesters had set up a large number of barricades which now appear mostly abandoned. However, dozens remained on the scene, wearing protective gear and carrying umbrellas, as they wait to see what the next move is from police.

Police have fired a water cannon near protesters in Kowloon's Mong Kok district, as demonstrators continue to occupy the roads, according to multiple live feeds from local media.

A water cannon truck was seen on CNN affiliate iCable's live feed driving on Nathan Road and spraying clear water.

Large crowds of protesters had gathered in the area, building barricades and throwing bricks as police fired tear gas.

Nearby Yau Ma Tai MTR subway station closed at about 7 p.m. Monday.

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.

Meanwhile, across the border: China's annual Singles Day online shopping bonanza has brought in a record $31 billion in sales for Alibaba (BABA).

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.

Read more here

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.

Lam added that violence would not offer any solutions "to the problems facing Hong Kong."

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.