South Korean stocks tracked overnight gains on Wall Street, closing higher Thursday, with particular strength shown in the tech and auto sectors.

The benchmark Korea Composite Stock Price Index(KOSPI) rose 29-point-54 points, or zero-point-92 percent, Thursday to close at three-thousand-227-point-68.

Though concerns remain over U.S. import tariffs and the short-term prospects for the U.S. economy overall, institutional buying kept up Seoul shares up.

After the news that Samsung Electronics will manufacture Apple’s next-generation processor in Austin, Texas, the company’s stock rose two-point-47 percent, benefiting as well from remarks by the South Korean trade minister regarding the likelihood of relatively low U.S. tariff rates for South Korean semiconductor firms.

The tech-heavy KOSDAQ gained two-point-32 points, or zero-point-29 percent, to close at 805-point-81.