* Resources, bank units fuel ASX gains
* UK-exposed stocks also climb
* Safe-haven gold units see heavy losses
(Updates to close)
By Devika Syamnath
Dec 13 (Reuters) - Australian shares closed higher on Friday as news of a potential "phase one" U.S.-China trade deal and a resounding election win for Britain's Conservative Party spurred risk appetite.
While trade tensions eased, investor nerves were also calmed by UK Prime Minister Boris Johnson's victory as it was likely to help him take Britain out of the European Union. S&P/ASX 200 index .AXJO closed 0.5% higher, or 30.9 points, at 6,739.7.
Reuters reported the United States has agreed to reduce some tariffs on Chinese goods and delay a tranche of tariffs as part of a phase one deal. Neither Washington nor Beijing have released any official statements. Rooney, director of equity sales at Argonaut, said he "would love to see more detail" on the deal, though the "feel-good factor" of the news might be enough to buoy domestic equities into a Santa Claus rally.
Commodity stocks such as iron ore miners and energy producers dominated gains on the benchmark. Australia's resource-reliant economic fortunes have been closely tied to the growth prospects in China, its biggest trade partner.
Major iron ore miners BHP Group BHP.AX , Rio Tinto (LON:RIO) RIO.AX and Fortescue Metals Group FMG.AX tacked on between 1.6% and 2%, while oil and gas producers Woodside Petroleum WPL.AX and Santos Ltd STO.AX advanced 1.1% and 0.6%, respectively.
UK-exposed stocks on the Australian benchmark jumped sharply on news that Johnson's Conservative Party in the UK was set for landslide majority, with investment managers such as Pendal Group PDL.AX and Platinum Asset Management PTM.AX adding 7.6% and 8.1%, respectively. financial stocks .AXFJ also added to strength, though Commonwealth Bank of Australia CBA.AX ended only 0.4% higher, compared with gains between 1.4% and 2% for the other three of the "Big Four" banks.
CBA said it would pay an additional A$25 million ($16.97 million) to current and former employees who were found in a review to have been underpaid. gains for the day, safe-haven gold stocks .AXGD and defensive plays such as healthcare .AXHJ and property units .AXRE ended weaker.
Gold miner Evolution Mining Ltd EVN.AX dove 7.8% to end at its weakest since May. Property companies Mirvac Group MGR.AX fell 4.3% and Goodman Group GMG.AX 2.9%.
Real estate stocks, which boast of stable dividend yields, had enjoyed the low-rate environment for the better part of 2019, but have started to soften of late on signs of improvement in the economy that blunt the need for more rate cuts.
New Zealand's benchmark S&P/NZX 50 index .NZ50 fell 0.6%, or 6.39 points, to 11,241.59. Fuel retailer Z Energy Ltd ZEL.NZ weighed on the benchmark, after plunging 12.8% on cutting annual earnings outlook. ($1 = 1.4736 Australian dollars)