Regional Reaction To Huge U.S. Equity Block Sales Eyed

Friday's U.S. equity session wasn't quite as smooth as a headline scan of the price tickers indicates (despite the S&P 500 adding ~1.7% on the day). Sizeable block trades caught the eye in the U.S. equity space, with several Chinese ADRs and some large U.S. communications firms subjected to heavy selling. Weekend reports have indicated that one fund was behind the block sales which totaled over $20bn in value, with the liquidations forced upon the fund as existing positions moved against them. Participants are on the lookout for any signs of regional follow through in Asia-Pac hours, although the firm end to the week for the U.S. equity space and continued focus on U.S. fiscal & infrastructure support schemes provides some counter.