Consider an EPR pair $\frac{1}{\sqrt2}\left( |\uparrow \rangle_A \otimes |\downarrow \rangle_B - | \downarrow \rangle_A \otimes | \uparrow \rangle_B \right)$ and the standard conventions (notation) for up/down $1/2-$spin, and $x$, $y$, and $z$ axes. Suppose we can perform a local unitary operation on the first (qubit), $A$, and a subsequent "hard measurement" on the pair, in a time much shorter than what it takes for a light signal to travel between the two particles (parties, Alice, Bob) $A$ and $B$. Is the action of the local unitary "instantaneous" on the EPR pair, or the effect is propagated with a finite speed? More specifically, you can think party $A$ acting with Pauli $\sigma_x \otimes I$, with the effect of modifying the original EPR state to $\frac{1}{\sqrt2}\left( |\downarrow \rangle_A \otimes |\downarrow \rangle_B - | \uparrow \rangle_A \otimes | \uparrow \rangle_B \right)$, then rapidly doing the spin measurement on its end, with party $B$ doing the spin measurement on its own end. I would think we'd expect that the spin measurement outcomes between $A$ and $B$ should be the same (100% correlated) in this instance -- as opposed to anti-correlated, as would have been the case with the original EPR pair. Is it correct?
Clarification after the original post: All spin measurements, by both $A$ and $B$, are along the $z$ axis.
The question can also be summarized as follows: Is the effect of a local unitary operation on an entangled state instantaneous, or it propagates with finite speed? I would think the former is the case. (As a side note, observe that this can not modify the partial trace / local density matrix for either party.)