Taiwan central bank says will act if necessary to maintain market stability

The central bank made the comment in a report to parliament as an escalating trade dispute between the United States and China has sparked fears of a global trade war and rattled financial markets. The countries are Taiwan's top trading partners.

The central bank also said Taiwan is relatively resilient to global capital movements, given its sufficient liquidity.

Central bank Governor Yang Chin-long is set to attend a parliament meeting on Thursday.