Singapore shares closed 0.61 percent higher on Wednesday, as investors looked forward to the European Central Bank's (ECB) meeting for any stimulus measures.
There was a growing investor conviction that the ECB will adopt quantitative easing at its meeting on Thursday. Investors will watch exactly what the ECB will do, although there was also lingering concern that Germany's Bundesbank is reluctant to see large scale money-printing.
Voyage Research said the Straits Times Index was well above its 3,300 points resistance level partially due to better than expected performance from China. The Straits Times Index is expected to trade above the 3,330 points range.