We use data samples collected with the Belle detector at the KEKB e⁺e^- collider at 397 fb^-1 integrated luminosity to measure the cross sections and angular distributions of K⁰_SK⁰_S production in two-photon collisions at the center-of-mass energy (W) and angle (\theta ^*) ranges, 2.4 GeV<4.0 GeV and | \cos \theta ^*|<0.6. A \sin ^-4\theta ^* behavior of the cross section in the region 2.4 GeV < 4.0 GeV is observed. Signals of \chi _c0 and \chi _c2 are also observed. Furthermore, new resonance Z(3930) is observed in \gamma \gamma \rightarrow D\overline {D} process using data corresponding to 280 fb^-1 integrated luminosity.

PACS numbers: 13.60.--r, 14.40.Lb