Nikkei pays price for downplaying Brexit risk, sees worst fall since 2011
* Nikkei drops 7.9 pct, biggest day-to-day fall since 2011
* Global risk assets tumble as Britain looks set to leave EU
* Yen jumps on likely Brexit, hurts Japan stocks further
TOKYO, June 24 (Reuters) - Japanese stocks suffered their biggest daily fall in more than five years on Friday after Britain voted to leave the European Union, roiling financial markets and raising fears of a shock to the already fragile global economy.
The Nikkei ended down 7.9 percent at 14,952.02 points, after falling as low as 14,864.01 at one point, its weakest since October 2014.
The Nikkei's drop was its steepest since March 2011, when threats of a nuclear catastrophe following a powerful earthquake and tsunami had sent financial markets reeling.
Global markets had generally been trending up in recent sessions on hopes that Britons would choose to stay in the EU, though most polls had indicated it was too close to call.
Pressure on Japanese equities intensified as investors fled to safe-haven assets such as the yen. The dollar fell to as low as 99.00 yen, its lowest since November 2013.
"This is absolutely unexpected," said Norihiro Fujito, senior investment strategist at Mitsubishi UFJ Morgan Stanley Securities. Continuación...