TWO men are recovering in hospital after being stabbed in the chest multiple times in Launceston on Friday night.
Police said the men were walking near the Masonic Hall, on Brisbane Street when they were involved in an altercation with four other males.
A 21-year-old Launceston man was stabbed three times in the torso, while his 20-year-old friend, of Blackstone Heights, was stabbed ``at least once'', police said.
Tasmania Police acting Inspector Chris Parr said police were called to the ``disturbance on the street'' just before midnight.
He said the two men were taken by ambulance to the Launceston General Hospital.
A knife was found at the scene.
Both stab victims were last night in a stable condition, recovering in hospital.
Detectives from Launceston Criminal Investigation Branch took four men, three from Launceston and one from Bridport, into custody.
A 17-year-old youth was charged with two counts of wounding. He was bailed to appear in the Launceston Magistrates Court in December.
A second man has been charged with common assault and bailed to appear in court at a later date.
Anyone who saw a group of four males near the Royal Oak at the time, or anyone who has information, has been asked to contact the Launceston Criminal Investigation Branch on 6336 3910 or Crime Stoppers on 1800 333 000.