November 22, 1987

LEAD: Two Kentucky Derby winners strained for the wire in the world's richest horse race today, and it took a photo finish to show that Ferdinand had nosed out Alysheba to win the $3 million Breeders' Cup Classic at Hollywood Park.

LEAD: Exploiting mounting resentment over refugees and workers from third world nations, small right-wing parties have cropped up across the northern tier of Western Europe demanding the expulsion of foreigners who are said to be taking jobs from Europeans.

LEAD: At a rally in Queens last week for a presidential candidate in South Korea, Kim Young Sam, the largest bouquet of red and yellow crysanthemums came from supporters of his chief rival in the opposition, Kim Dae Jung.

LEAD: For two weeks, the Nebraska fans who regularly pack Memorial Stadium with their red outerwear listed the factors that would win this year's game of the century.

LEAD: A VISITOR who never really expected shades of Dostoyevsky's creatures to loom amid the slanting snow is surprised to sense Koestler's Rubashov - a more likely ghost in the city these days. This was the fictitious character of ''Darkness at Noon'' modeled on Bukharin, who was expelled from the Party in 1937 and executed the next year, the doomed star of Stalin's infamous purge trials and one of the more articulate Bolsheviks, who finally received a few words of rehabilitation last month from Mikhail S.