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Japan Hot Stocks-Daiichi Sankyo hits record low

TOKYO, Oct 3 (Reuters) - The benchmark Nikkei average

fell 0.3 percent and the broader TOPIX eased 0.4 percent in early deals on Wednesday.

The following stock was on the move:

**DAIICHI SANKYO HITS RECORD LOW AFTER LUNG CANCER TRIAL HALTED**

Daiichi Sankyo Co Ltd sagged 3.9 percent to 1,210 yen, hitting a record low after U.S. biotechnology company ArQule Inc said it will discontinue a late-stage trial of the lung cancer drug it is co-developing with Daiichi Sankyo after an interim analysis showed the drug would not improve overall survival.

Daiichi Sankyo has lost 20.7 percent this year, underperforming a 3.7 percent rise in the Nikkei.

0010 GMT

(Reporting by Dominic Lau; Editing by Edmund Klamann)

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

Keywords: MARKETS JAPAN STOCKS HOT/