Singapore shares closed 1.22 percent higher on Friday after the European Central Bank (ECB) announced its roll-out of a bigger-than-expected quantitative easing program.
The ECB's quantitative easing program will pump 60 billion Euros a month into the Euro-zone economy by buying Euro-zone government and corporate bonds. It is set to run from March until September next year. But ECB President Mario Draghi made clear it could be extended if the bank felt that was necessary.