A 17-year-old male will appear in the Youth Justice Court charged with murder, wounding and assault after a young man died in a weekend stabbing in a popular waterfront tourist precinct.

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Emergency services were called to the Morrison Street car park at Hobart's Salamanca Place about midnight on Saturday following reports of an altercation between two groups of people.

A 20-year-old man died from his injuries and a 23-year-old man was taken to Royal Hobart Hospital, where he remained on Monday with non-life-threatening injuries.

Police said it appeared to be an "isolated incident" that was possibly linked to a previous incident involving a p

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