Taipei, May 14 -- Shares in Taiwan closed more than 450 points higher Wednesday, led by gains in contract chipmaker TSMC, which neared the New Taiwan Dollar 1,000 (USD 33.08) mark following an overnight rally in US tech stocks, Central News Agency Taiwan reported, quoting dealers.

The Taiex, the weighted index on the Taiwan Stock Exchange, closed up 452.73 points, or 2.12 percent, at the day's high of 21,782.87, after dipping to a low of 21,552.42. Turnover totaled New Taiwan Dollar 409.333 billion.

TSMC rose 3.10 percent to close at New Taiwan Dollar 999.00, its highest closing price since March 3 when it ended at New Taiwan Dollar 1,005.00. The stock's gains added about 240 points to the Taiex and lifted the electronics index and semi...