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Japan stocks mixed, banks sold on rate hike concerns

Thu Dec 13, 2007 9:07pm EST

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(Updates to midsession)

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TOKYO, Dec 14 (Reuters) - Japanese stocks were mixed on Friday, with the Nikkei average up and the TOPIX flat as banks such as Mizuho Financial Group (8411.T) fell after a survey of corporate sentiment was worse than expected, reducing chances of a central bank rate hike. Real estate firms also lost ground, mainly on recent poor condominium sales, while electrical equipment companies such as Advantest Corp (6857.T) powered higher after days of selling.

The benchmark Nikkei .225 finished the morning up 0.6 percent at 15,632.72 after a volatile morning that saw it at one point up by more than one percent. The broader TOPIX index lost 0.08 percent to 1,514.83. (Reporting by Elaine Lies)

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