TOKYO, Dec 10 (Reuters) - Japan's Nikkei average rose to a fresh seven month high on Friday, extending a rally that boosted the index more than 12 percent since the beginning of November as foreign funds continue their buying spree in Tokyo stocks.
After testing the new target the benchmark quickly lost steam, however, as investors rushed to take profits and as short-term technical indicators are showing signs of overheating in the market.
The benchmark Nikkei was flat at 10,289.05 after hitting an intraday peak of 10,373.70 -- its highest since May 14.
The broader Topix index was little changed at 891.22. (Reporting by Antoni Slodkowski; Editing by Edmund Klamann)