New Zealand's benchmark index also finished at a record Wednesday, climbing 0.7% to 13,997.18 points, as strength spread across both markets. UBS strategist Richard Schellbach has pointed to Australia's limited pure AI technology exposure as a factor that has repeatedly benefited the ASX during periods of global AI sector disruption, drawing interest from Asian investors at moments when AI chip stocks elsewhere have struggled. As cracks appeared in parts of the global AI trade in recent weeks, institutional funds rotated capital toward Australia, drawn by the market's comparatively lower concentration risk in the sector. A Rally Fueled by Global TailwindsThe rally in Sydney has closely tracked developments overseas. That risk appetite carried into Thursday's session, with improving global technology sentiment combining with continued strength across mining and financial sectors to push the ASX 200 to its second straight record.