Singapore shares closed 0.47 percent higher on Thursday, as investors bet the European Central Bank (ECB) will unveil a massive bond-buying stimulus program later Thursday in an attempt to revive the flagging euro-zone economy.
Widely circulated in the market were rumours that ECB executive board will propose purchasing roughly 50 billion euros a month in bonds for at least a year, but investors wanted something like 60 billion euros or more per month.
Meanwhile, Wall Street managed to eke out gains following President Obama's State of the Union Address overnight.