The local share market has staged a late afternoon comeback to finish in the green for the ninth session in a row, its longest winning stretch in nearly a decade.
The benchmark S&P/ASX200 index also finished above 8,000 on Wednesday for the first time since a sharp two-day sell-off two-and-a-half weeks ago, climbing 12.8 points, or 0.16 per cent, to end at 8,010.5.
The All Ordinaries gained 26.4 points, or 0.32 per cent, to 8,234.0.
It's the longest winning streak for the ASX since a 12-session stretch in late January and early February of 2015.
"It's an extraordinary run," Moomoo chief commercial officer Michael McCarthy, a veteran trader, told AAP.
"This really is an unusual move. Markets rarely go anywhere in a straight line - but here we are."
The string of gains even comes ahead of an address by Fed chairman Jerome Powell to an international monetary summit in Wyoming late Friday night, Australia time.
"Markets seem to be assuming there will definitely be rate-cut signalling and further rate cuts," Mr McCarthy said.
Six of the ASX's 11 sectors finished higher on Wednesday and five closed lower.
The tech sector was the biggest gainer, jumping 5.3 per cent as Wisetech Global soared 18.4 per cent to an all-time high of $111.71 on the back of a strong earnings report.
The logistics platform posted a full-year profit of $212.2 million, up 24 per cent from a year ago, and announced new products founder and chief executive Richard White said would represent a step-change in Wisetech's capabilities.
In the energy sector, Santos dropped 4.4 per cent to $7.48 as Australia's second-largest gas producer announced a 19 per cent drop in half-year net profit.
In the financial sector, IAG dropped 3.0 per cent to $7.22 as the insurance giant posted a $898 million net profit, up 7.9 per cent from a year ago, and said it would use some of that to buy back up to $350 million in shares.
In the consumer discretionary sector, Domino's Pizza Enterprise fell 1.4 per cent to $32.93 as the fast food giant reported its underlying profit for 2023/24 had dropped 1.9 per cent to $120.4 million.
"If we're completely transparent, we didn't get the first phase of inflation right," chief executive Don Meij told AAP.
"We just weren't ready for those sort of increases, of the scale of those increases."
Also falling on the back of earnings results was insurance broker network AUB Group, which dropped 3.8 per cent; Corporate Travel Management, which dropped 1.9 per cent; and engineering and construction firm Lycopodium, down 12.0 per cent.
Those racking up gains on the back earnings results included buy now, pay later company Humm Group (up 37.5 per cent), property investment company Charter Hall (up 15.8 per cent), pathology group Healius (12.9 per cent), real estate developer Cedar Woods Properties (10.3 per cent), pallet company Brambles (9.3 per cent) and construction materials company Maas Group (8.5 per cent).
Cloud computing company Data #3 was up 6.3 per cent; network connectivity platform Megaport 5.1 per cent, small appliance manufacturer Breville Group 4.7 per cent, property settlement platform Pexa Group 2.1 per cent and waste management company Cleanaway 1.7 per cent.
The Australian dollar was buying 67.44 US cents, from 67.29 US cents at Tuesday's ASX close.
ON THE ASX:
* The benchmark S&P/ASX200 index finished Wednesday up 12.8 points, or 0.16 per cent, at 8,010.5
* The All Ordinaries gained 26.4 points, or 0.32 per cent, to 8,234.
CURRENCY SNAPSHOT:
One Australian dollar buys:
* 67.44 US cents, from 67.29 US cents at Tuesday's ASX close
* 98.32 Japanese yen, from 98.92 Japanese yen
* 60.63 euro cents, from 60.74 euro cents
* 51.77 British pence, from 51.77 pence
* 109.76 NZ cents, from 109.77 NZ cents
