TOKYO, Oct 2 (Reuters) - The benchmark Nikkei average
and the broader Topix both gained 0.3 percent in early deals on Tuesday.
The following stock was on the move:
**ALPS ELECTRIC FALLS TO 3-YEAR LOW AFTER CUTTING GUIDANCE**
Alps Electric Co Ltd slumped 10.5 percent to 360 yen, hitting a three-year low after the electronic parts maker cut its operating profit forecast by 46 percent to 11.8 billion yen ($151 million) for the business year ending in March, citing higher material costs and a strong yen.
Alps Electric has fallen 31.6 percent this year, underperforming a 0.8 percent rise in the Topix.
0019 GMT ($1 = 78.0600 Japanese yen)
(Reporting by Dominic Lau; Editing by Chris Gallagher)
Keywords: MARKETS JAPAN STOCKS HOT/