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Japan Hot Stocks-Shimamura, Nexon, Alps Electric

TOKYO, Oct 2 (Reuters) - The Nikkei average gained 0.3 percent and the broader Topix rose 0.4 percent on Tuesday morning.

The following stocks were on the move:

**SHIMAMURA FALLS AFTER DISAPPOINTING Q2 EARNINGS**

Shimamura Co Ltd dropped 2.4 percent to 8,590 yen after the clothing store chain reported a 3.9 percent drop in second-quarter earnings ended Aug. 20 compared with a year earlier due to higher costs.

The company posted a 4.1 percent rise in sales in the quarter versus the same period last year.

0114 GMT

**NEXON HITS 4-WEEK HIGH AFTER ANNOUNCING ACQUISITION**

Nexon Co Ltd jumped 9.3 percent to 1,133 yen, hitting a four-week high after the online game provider said it would acquire gloops, a social applications company, for 36.5 billion yen, a move which traders said could help boost its mobile gaming business.

0053 GMT

**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, Jijo Jacob and Prateek Chatterjee)

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

Keywords: MARKETS JAPAN STOCKS HOT/