We have measured pi+pi- and K+K- production in two-photon collisions using 87.7 /fb of data collected with the Belle detector at the asymmetric energy e+e- collider KEKB. The cross sections are measured to high precision in the two-photon center-of-mass energy (W) range between 2.4 GeV < W < 4.1 GeV and angular region |cos theta^{*}| < 0.6. The cross section ratio sigma(gammagamma->K+K-)/sigma(gammagamma->pi+pi-) is measured to be 0.89 +- 0.04(stat) +- 0.15(syst) in the range of 3.0 GeV < W < 4.1 GeV, where the ratio is energy independent. We observe a sin^{-4} theta^{*} behavior of the cross section in the same W range. Production of chi_{c0} and chi_{c2} mesons is observed in both gammagamma -> pi+pi- and gammagamma -> K+K- modes.
Cross sections for PI+ PI- and K+ K- production.
Ratio of K+ K- to PI+ PI- production in the region of W from 3.0 to 4.1 GeV, where the ratio is energy independent.
Angular dependence of the normalized differential cross section, $\sigma_0^{-1}{\rm d}\sigma/{\rm d}|\cos\theta^*|$, for the $\pi^+\pi^-$ process. The errors are statistical only.
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