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Japan Hot Stocks-Alps Electric hits 3-year low on outlook cut

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)

((dominic.lau@thomsonreuters.com)(+81 3 6441 1917)(Reuters Messaging: dominic.lau.thomsonreuters@reuters.net))

Keywords: MARKETS JAPAN STOCKS HOT/