Samsung Electronics shares fall 3 percent, cooling after 23 percent surge

Sun Aug 19, 2012 8:37pm EDT

The logo of Samsung Electronics is seen at the company's headquarters in Seoul July 6, 2012. REUTERS/Lee Jae-Won

The logo of Samsung Electronics is seen at the company's headquarters in Seoul July 6, 2012.

Credit: Reuters/Lee Jae-Won

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(Reuters) - Shares in Samsung Electronics, South Korea's most valuable firm, fell 3 percent in early trade on Monday, extending falls into a second day as investors took profits following a one-month surge.

Samsung shares soared 23 percent from its most recent trough registered on July 12, outpacing gains in the main board by nearly three-fold.

(Reporting by Joonhee Yu; Editing by Richard Pullin)

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