K^+K^- production in two-photon collisions has been studied using a large data sample of 67 fb^{-1} accumulated with the Belle detector at the KEKB asymmetric e^+e^- collider. We have measured the cross section for the process gamma gamma -> K^+ K^- for center-of-mass energies between 1.4 and 2.4 GeV, and found three new resonant structures in the energy region between 1.6 and 2.4 GeV. The angular differential cross sections have also been measured.
We report on a high statistics measurement of the total and differential cross sections of the process gamma gamma -> pi^+ pi^- in the pi^+ pi^- invariant mass range 0.8 GeV/c^2 < W < 1.5 GeV/c^2 with 85.9 fb^{-1} of data collected at sqrt{s}=10.58 GeV and 10.52 GeV with the Belle detector. A clear signal of the f_0(980) resonance is observed in addition to the f_2(1270) resonance. An improved 90% confidence level upper limit Br.(eta'(958) -> pi^+ pi^-) < 2.9 x 10^{-3} is obtained for P- and CP-violating decay of the eta'(958) meson using the most conservative assumption about the interference with the background.