Korea T-bond futures end off highs after rate cut

SEOUL, (Reuters) - South Korean treasury bond futures ended up but halved earlier hefty gains, with investors quickly shifting towards non-government debt after the central bank's record rate cut. The December futures contract ended up 51 ticks at 110.17, rewinding more than half of a 114-tick surge seen after the larger-than-expected policy easing. The Bank of Korea slashed the base rate by one full percentage point to a record low of 3.00 percent on Thursday in a bid to fend off an economic recession.