The ASX closed at a record high on Wednesday. Photo: NewsWire/ Gaye GerardThe ASX closed at a record high on Wednesday. Australian shares jumped to a fresh all-time high on Wednesday, surpassing the previous February peak of 9202.90 points. Despite the market reaching a record high, just six sectors finished in the green. Betashares investment strategist Hugh Lam, the Australian market is emerging as a global safe haven away from the AI trade.