Aust shares climb higher Australian shares shot up in what market watchers hope is a sign investors are over their jitters caused by the US flagging a cut to its stimulus program. The market rose about 1.5 per cent, and has recovered all of the heavy losses incurred in the three days after the US Federal Reserve indicated it may soon begin withdrawing stimulus measures. That was a sign people were becoming more accepting and forgiving of the idea that bond buying to stimulate economies could stop, IG market strategist Chris Weston said. "If the Fed is coming out of the market, maybe it is coming out for a reason and they see growth that is based on organic growth," he told AAP. It seems equities have got their mojo back. The best performers were the banks and miners, which represent about half of the market. Westpac shares were up 61 cents at $28.95, NAB gained 55 cents to $29.42, ANZ added 53 cents to $28.66 and Commonwealth was $1.15 higher at $70.14. Macquarie Group also performed well, adding $2.03, or 4.9 per cent, to $43.51. Among the miners, BHP shares were up 66 cents at $31.61 and Rio Tinto was 40 cents higher at $52.04. But shares in major gold miner Newcrest Mining were down 16 cents at $9.74, continuing its bad run as the price of the precious metal falls. Telstra also fell, losing three cents to $4.76. The benchmark S&P/ASX200 index was up 72.2 points, or 1.5 per cent, at 4,881.7. The broader All Ordinaries index was up 68.9 points, or 1.44 per cent, at 4,866.5. On the ASX 24, the September share price index futures contract was 64 points higher at 4,841 with 23,504 contracts traded. The Sydney gold price was $US1,257.22, up $US35.52 from $US1,221.70 on Monday. National turnover was 1.4 billion securities worth $3.9 billion.